If a Minimum Wage Is Posted in the Labor Market

question 1

Multiple Choice

If a minimum wage is posted in the labor market:

• A) the demand for labor would increase.
• B) the supply of labor would decrease.
• C) a surplus of labor would develop.
• D) All of the answers are correct.

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Definitions:

Repeated Measures

A research design in which the same participants are measured more than once under different conditions or over time.

Criterion Variables

The dependent variables in research studies that are predicted or explained by independent variables.

Practice Effect

Improvements in performance on a task or test due to repeated testing rather than actual changes in ability or knowledge.

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Word puzzles consisting of letters that can be rearranged to form a different word or phrase.