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:

Choroid Layer

A layer of the eye between the retina and the sclera that contains blood vessels and provides oxygen and nutrients to the eye.

Pigment Cell Layer

A layer of cells that contain pigment, such as the melanin-containing cells found in the skin or the iris of the eye, which provide coloration and protection from UV light.

Tympanic Membrane

Also known as the eardrum, a thin membrane that vibrates in response to sound waves, transmitting sounds to the middle and inner ear.

Altitude

The height or elevation of a place above sea level, often affecting climate, oxygen availability, and physical exertion requirements.