When a Minimum-Wage Law Forces the Wage to Remain Above

question 411

Multiple Choice

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it

• A)raises the quantity of labor supplied and raises the quantity of labor demanded compared to the equilibrium level.
• B)raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
• C)reduces the quantity of labor supplied and raises the quantity of labor demanded compared to the equilibrium level.
• D)reduces the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.

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Definitions:

Destructive Leaders

Leaders who have a deleterious effect on their followers, organizations, or both, usually through toxic, unethical, or incompetent practices.

Destructive Leadership

A leadership approach characterized by the systematic and repeated behavior by a leader that violates the legitimate interest of the organization by undermining and/or sabotaging the organization’s goals, tasks, resources, and effectiveness and/or the motivation, well-being or job satisfaction of his/her subordinates.

Unstable

Lacking stability; prone to sudden change or unpredictability in terms of physical, emotional, or situational conditions.

Ethical Leadership

Involves guiding a group or organization with values, integrity, and actions that are morally right.