Ben Is Willing to Work for $4/hour and an Employer

question 208

Multiple Choice

Ben is willing to work for $4/hour and an employer is willing to hire Ben for $7/hour. Which statements is TRUE?

• A) A minimum wage of $7.50/hour would prevent this mutually beneficial exchange.
• B) Minimum wages do not prevent mutually beneficial exchanges.
• C) A minimum wage of $4.50/hour would prevent this mutually beneficial exchange.
• D) A minimum wage of $3.50/hour would prevent this mutually beneficial exchange.

---

Definitions:

Economic Hardship

Financial strain experienced by individuals or households, often resulting from low income, unemployment, or significant debts.

Well-being

The state of being comfortable, healthy, or happy, encompassing both physical and mental aspects.

Bohannon

Refers to Paul Bohannon, an anthropologist known for his work on divorce and the phases individuals go through during the divorce process.

Disillusioned

Feeling disappointment upon discovering that something is not as good as one believed it to be.