Analyzing the Effect of Minimum Wage Changes on Teenage Employment

question 16

Multiple Choice

Analyzing the effect of minimum wage changes on teenage employment across the 48 contiguous U.S. states from 1980 to 2004 is an example of using

• A)time series data.
• B)panel data.
• C)having a treatment group vs. a control group, since only teenagers receive minimum wages.
• D)cross-sectional data.

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Definitions:

Motivate Employees

Strategies and practices employed to encourage staff to perform their best and remain engaged with their work.

Ethical Implications

Considerations related to the morality of actions or decisions, especially regarding their impact on people and the environment.

Defined Contribution Plans

Retirement plans where the amount contributed to the plan is defined, but the payout at retirement is based on investment performance.

Defined Benefit Plan

A type of pension plan where an employer guarantees a specific retirement benefit amount to employees based on salary history and years of service.