Minimum Wages Create Unemployment in Markets Where They Create a

question 34

Multiple Choice

Minimum wages create unemployment in markets where they create a

• A)shortage of labor.Minimum wage laws are not the predominant reason for unemployment in the U.S.
• B)shortage of labor.Minimum wage laws are the predominant reason for unemployment in the U.S.
• C)surplus of labor.Minimum wage laws are not the predominant reason for unemployment in the U.S.
• D)surplus of labor.Minimum wage laws are the predominant reason for unemployment in the U.S.

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Definitions:

Social Impact

The effect of an activity on the social fabric of the community and the well-being of individuals and families.

Venture Philanthropists

Individuals or organizations that apply venture capital principles to philanthropy, focusing on building the capacity and sustainability of non-profits or social enterprises.

Scalable Models

Business strategies or systems that can easily adapt or expand to accommodate growth without compromising performance or quality.

Social Entrepreneurship

Social entrepreneurship involves starting companies or initiatives that aim to solve social problems or address community needs through innovative solutions, prioritizing social impact alongside or above profit.