A Minimum Wage Set Above the Equilibrium Wage Rate Is

question 19

Multiple Choice

A minimum wage set above the equilibrium wage rate is a price _______ that _______ the quantity of low- skilled labour demanded.

• A) ceiling; decreases
• B) ceiling; increases
• C) floor; increases
• D) floor; decreases

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Definitions:

Dying Stage

The final phase of an individual’s life cycle, marked by the gradual cessation of bodily functions leading to death.

Opiates

Natural or synthetic drugs derived from or resembling opium, typically used for pain relief but also known for their potential for addiction.

Double Effect

When an action (such as administering opiates) has both a positive effect (relieving a terminally ill person’s pain) and a negative effect (hastening death by suppressing respiration).

Slow Respiration

A decreased rate of breathing, which can be a sign of good health under certain conditions, such as during sleep or relaxation.