Canadian Studies on the Effects of Minimum- Wage Laws

question 7

Multiple Choice

Canadian studies on the effects of minimum- wage laws

• A)support the theoretical predictions that minimum- wage laws increase employment.
• B)suggest that they have no effect whatsoever on employment.
• C)find that they decrease the level of employment,particularly for low- skilled workers.
• D)support the evidence from the United States that these laws increase wages and employment.
• E)find that employment increases with increases in minimum wages,thus supporting the argument that labour markets are monopsonistic.

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Definitions:

Performance Standards

Established criteria or benchmarks used to measure and evaluate the quality and effectiveness of work performance.

Competency Matrix

A list of the level of each competency required for each of a number of jobs.

Behaviourally Anchored Rating Scales

A performance appraisal method using specific behavioral examples as benchmarks to rate employee performance.

Noncomparative Evaluation

An assessment method where the performance or value of an item or individual is evaluated based on a set standard or criteria without direct comparison to other items or individuals.