An Effective Minimum Wage

question 189

Multiple Choice

An effective minimum wage

• A) imposes a price ceiling on the wages of various categories of low-skill workers.
• B) increases the demand for low-skill workers.
• C) makes it easier for low skill workers to find jobs.
• D) increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

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Definitions:

Curb

To check, restrain, or control an action or development, often used in the context of regulations or policies designed to limit certain behaviors.

Felsic

Refers to igneous rocks that are rich in lighter elements such as silicon and oxygen, generally characterized by light colors.

Mafic

A material having high contents of magnesium (Mg) and iron (Fe), generally accompanied by a decreased amount of silica.