Suppose a Minimum Wage of $4 an Hour Is in Force,resulting

question 89

Multiple Choice

Suppose a minimum wage of $4 an hour is in force,resulting in unemployment of 10 million hours.Then the demand for labour increases such that supply and demand intersect at a wage rate of $5 per hour.What will happen to the equilibrium wage rate and employment?

• A)The wage rate is $5 an hour and there will be no unemployment.
• B)The wage rate is $5 an hour and there will be a surplus of labour.
• C)The wage rate is $4 an hour and there will be a surplus of labour.
• D)The wage rate is $4 an hour and there will be no unemployment.
• E)The wage rate is $4 an hour and there will be unemployment.

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Definitions:

Adult Learners

Describes individuals beyond the traditional college age who engage in learning activities, emphasizing the unique characteristics and needs of this demographic.

Theoretical Frameworks

Structured sets of concepts and propositions that are aimed at explaining phenomena by specifying relations among variables.

Work-Related Needs

Requirements or necessities that employees have in order to perform their job duties effectively, including tools, resources, a conducive work environment, and proper compensation.

F. Skinner

B.F. Skinner was a prominent American psychologist, behaviorist, author, inventor, and social philosopher known for his work in the field of behaviorism and the development of the operant conditioning chamber.