If the Minimum Wage Is Below the Equilibrium Wage

question 103

Multiple Choice

If the minimum wage is below the equilibrium wage:

• A)the quantity demanded of labour will be greater than the quantity supplied
• B)the quantity demanded of labour will equal the quantity supplied
• C)the quantity demanded of labour will be less than the quantity supplied
• D)anyone who wants a job at the minimum wage can find one

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Definitions:

Brazilian Worker

An individual employed in Brazil, facing economic, social, and labor market conditions unique to the country, including various labor laws and economic challenges.

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Large companies that operate in several countries, often with significant production or service facilities outside their country of origin.