-In the Above Figure, If the Government Imposed a Minimum

question 21

Multiple Choice

-In the above figure, if the government imposed a minimum wage of $8 per hour in this labour market, the increase in the hourly wage for those who are able to keep their jobs is

• A) $6 per hour.
• B) $8 per hour.
• C) $2 per hour.
• D) $4 per hour.

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Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact through controlled observation.

Physical Mechanisms

Processes or functions within a physical system that bring about a particular outcome or effect.

Empirical Reasoning

That process of thinking that proceeds from premises describing interpersonally verifiable experiences in order to support or to disconfirm hypotheses, which, in turn, are intended to explain and predict phenomena. Empirical reasoning is fundamentally inductive, self-corrective, and open to scrutiny and independent verification by the entire scientific community.

Instruments

Tools or devices designed for a specific purpose, especially used for scientific work, measurements, or music.