A Binding Minimum Wage Established by the Government

question 34

Multiple Choice

A binding minimum wage established by the government

• A)is essentially a price ceiling that creates a shortage of workers.
• B)will be effective only if the minimum wage is set below the free-market equilibrium wage.
• C)will have no effect on the quantity of labour employed.
• D)will affect adversely only those workers whose value of productivity is greater than this minimum wage.
• E)is a price floor that will create a surplus of workers if the labour market is competitive.

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The connection between organisms based on the similarity of their DNA sequences.

Nonshared Environmental

Influences that result in differences among siblings, including experiences outside the family that are not shared by other siblings.

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A period of leisure and travel with family members away from the usual residence, intended for relaxation and enjoyment.

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