If the Labor Market Worked Efficiently, Then an Effective Minimum

question 69

Multiple Choice

If the labor market worked efficiently, then an effective minimum wage law would:

• A)cause unemployment.
• B)hold wages higher than the equilibrium price.
• C)help those who were employed at that price.
• D)All of these are true.

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Definitions:

Reaction Reagents

Substances or compounds added to a system to cause a chemical reaction or are consumed in the reaction.

Nucleophilic Aromatic Substitution

A reaction where an electron-rich nucleophile displaces a leaving group in an aromatic ring, typically under conditions where the aromatic ring is activated towards nucleophilic attack.

2,4-Dinitrochlorobenzene

A chemical compound characterized by a benzene ring with two nitro groups (NO2) and one chlorine atom attached to it at the 2, 4, and 6 positions, respectively.

NaOH

Sodium hydroxide, a strong base used in both industry and laboratories.