Which of the Following Is Not Correct

question 236

Multiple Choice

Which of the following is not correct?

• A)Critics argue that minimum-wage laws hurt the very people they are intended to help.
• B)Minimum-wage laws may increase unemployment among the groups of workers affected by the minimum wage.
• C)If the demand for unskilled labor is relatively inelastic, the higher wage will produce more unemployment than if the demand for unskilled labor is relatively elastic.
• D)Minimum-wage laws may benefit teenagers from middle-class families, so the policy is not a precise way to help the poor.

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Definitions:

New Category Entry

The process of a company or brand launching a product or service in a market segment where it did not previously compete.

Product-line Extension

This refers to the process by which a company introduces additional items in the same product category under the same brand, often to target a new segment or increase market share.

E-reader

A portable electronic device designed specifically for reading digital books and periodicals.

Target Market

The specific group of consumers at which a company aims its products and services, identified through characteristics like demographics, behaviors, and needs.