Refer to Scenario 1

question 157

Multiple Choice

Refer to Scenario 1.1 below to answer the question(s) that follow.
SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the level of teenage unemployment. The economist collects data on the values of the minimum wage and the levels of teenage unemployment over time. The economist concludes that a 1% increase in minimum wage causes a 0.2% increase in teenage unemployment. From this information he concludes that the minimum wage is harmful to teenagers and should be reduced or eliminated to increase employment among teenagers.
-Refer to Scenario 1.1. The collection and use of the data on minimum wage and teenage unemployment over time is an example of

• A) law and economics.
• B) economic history.
• C) econometrics.
• D) empirical economics.

---

Definitions:

Joseph Wolpe

A psychiatrist known for developing systematic desensitization, a technique used to treat phobias and other anxiety disorders.

Behavioural Goals

Specific objectives related to modifying or improving an individual's behavior, often set in therapeutic or educational settings.

Spontaneous Remission

The unexpected improvement or cure of a disease or condition without any medical treatment or intervention.

Professional Treatment

Healthcare services provided by trained and licensed professionals to address physical, psychological, or emotional issues.