How Would an Economist Explain a Teenager's Continued Unemployment Where

question 133

Multiple Choice

How would an economist explain a teenager's continued unemployment where there exists a minimum wage?

• A) The minimum wage law made it such that the quantity of labor willing to work at that wage was less than the quantity of labor demanded at that wage.
• B) The minimum wage law made it illegal to hire teenagers because they likely would have been unable to work a minimum number of hours.
• C) The minimum wage law made it such that the quantity of labor willing to work at that wage was greater than the quantity of labor demanded at that wage.
• D) The minimum wage law made it such that the market had reached equilibrium.
• E) The minimum wage law was nonbinding.

---

Definitions:

Exclusion Conditions

Specific conditions or factors that disqualify participation or inclusion in a study, trial, or procedure.

Current Treatment

The most up-to-date or commonly used therapies or interventions for a disease or condition.

Reimbursement

The process of repaying or compensating individuals or organizations for expenses incurred, often used in the context of healthcare costs.

Code R60.0

A specific ICD (International Classification of Diseases) code representing localized edema, which is swelling caused by fluid accumulation in a specific area of the body.