Which of the Following Is True of Minimum-Wage Laws

question 302

Multiple Choice

Which of the following is true of minimum-wage laws?

• A)They affect skilled workers' wages.
• B)They create above-equilibrium wages for some unskilled workers.
• C)They create a shortage of unskilled labor.
• D)They negatively affect the employment of skilled workers.

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Definitions:

Regression

A return to earlier stages of development or behavior in response to stress or trauma.

Freud

Sigmund Freud, an Austrian neurologist, pioneered psychoanalysis, which is a therapeutic approach for addressing mental disorders through conversations between a psychoanalyst and their patient.

Ego

A psychoanalytic term referring to the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Id

In psychoanalytic theory, the part of the psyche that is the source of instinctual impulses and demands for immediate gratification.