In the Summer of 2009, the United States Federal Minimum

question 122

Multiple Choice

In the summer of 2009, the United States federal minimum wage was raised to $7.25. According to theory, what will likely be the result of an increase in minimum wage?

• A) Some workers will leave the labor market.
• B) Firms will hire more workers.
• C) All workers prior to the wage increase will now earn at least the minimum wage.
• D) Unemployment will increase as firms lay off workers.

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Definitions:

Pulmonary Trunk

A major blood vessel that exits the right ventricle of the heart, dividing into the left and right pulmonary arteries to carry deoxygenated blood to the lungs.

Abdominal Aorta

The main artery that runs down the abdomen, supplying oxygenated blood to the abdominal and pelvic organs and the legs.

Ascending Aorta

The ascending aorta is the initial section of the aorta, arising from the left ventricle of the heart and carrying oxygenated blood to the body.

Thoracic Aorta

The section of the aorta that passes through the thorax, supplying blood to the chest wall and thoracic organs.