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If the Minimum Wage Is a Binding Price Floor, Then

question 36

Essay

If the minimum wage is a binding price floor, then:
A.the number of workers who want to work will be greater than the number of jobs available.
B.the equilibrium wage will increase.
C.there will be a job for everyone who is willing to work.
D.business owners will hire more workers.


Definitions:

Linguistic Relativity Hypothesis

The theory that the structure of a language affects its speakers' world view or cognition.

Benjamin Whorf

An American linguist known for his hypothesis that the structure of a language affects its speakers' cognition and world view, often referred to as the Sapir-Whorf hypothesis.

Nativist Theory

The belief that certain skills or abilities are innate and hardwired in the brain at birth, emphasizing the role of genetics and inheritance in human development.

Language Acquisition Device

A hypothetical module of the human mind posited to account for children's innate predisposition for language learning.

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