A Minimum Wage That Is Set Below a Market's Equilibrium

question 116

Multiple Choice

A minimum wage that is set below a market's equilibrium wage will

• A)result in an excess demand for labor,that is,unemployment.
• B)result in an excess demand for labor,that is,a shortage of workers.
• C)result in an excess supply of labor,that is,unemployment.
• D)have no impact on employment.

---

Definitions:

Selma-to-Montgomery March

A series of three protest marches in 1965 that were instrumental in the passage of the Voting Rights Act, exemplifying the civil rights movement.

SNCC Worker

An individual associated with the Student Nonviolent Coordinating Committee, a civil rights group in the 1960s that played a major role in the struggle for racial equality in the United States.

Voting Rights

The entitlement of individuals to participate in the electoral process, often encompassing the right to vote in elections.

Birmingham Movement

A significant campaign during the Civil Rights Movement in the 1960s in Birmingham, Alabama, aiming to end racial segregation and discrimination.