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:

Individualized

Tailored or customized to meet the unique needs or characteristics of a specific person.

Self-reward

The act of giving oneself a reward to reinforce positive behavior, action, or achievement, often used as a motivational strategy.

Guidelines

Recommendations or principles provided to direct actions or decision-making in specific situations.

Positive Reinforcement

is a behavioral technique that involves providing a reward or positive outcome following a desired behavior, in order to increase the likelihood of that behavior being repeated.