If Minimum Wage Legislation Does Not Cause Unemployment, Then

question 7

Multiple Choice

If minimum wage legislation does not cause unemployment, then:

• A) minimum wage workers will benefit.
• B) firms will earn higher profits.
• C) the minimum wage must have been set above the equilibrium wage in the labor market.
• D) the government should increase unemployment benefits.

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Definitions:

Obesity

A medical condition characterized by excessive body fat that increases the risk of health problems.

Thorazine

A medication primarily used as an antipsychotic, effective in treating symptoms of schizophrenia and manic phases of bipolar disorder.

Schizophrenia

A complex mental health disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Positive Symptoms

Features that are added to a person’s behavior and experience, such as hallucinations or delusions, especially in the context of psychiatric disorders.