Which of These Cases Would Likely Result from an Increase

question 264

Multiple Choice

Which of these cases would likely result from an increase in minimum wage?

• A) an increase in the price of hamburgers
• B) an increase in unemployment among teenagers
• C) incomes increase for those who keep minimum-wage jobs
• D) All of the answers are correct.

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Definitions:

Immigration

The action of coming to live permanently in a foreign country, often impacting the labor force and economic growth.

Country A

Placeholder name used to refer to a hypothetical or unspecified country in discussions or analyses.

Domestic Output

The sum of the value of all products and services generated inside a country's boundaries over a certain time frame.

Pre-migration

Pre-migration pertains to the period or activities before migration, including planning, preparation, and decision-making processes related to moving from one location to another.