The Evidence on How Minimum Wage Laws Work in the Real

question 161

Multiple Choice

The evidence on how minimum wage laws work in the real world:

• A)is mixed.
• B)clearly shows that such price floors cause unemployment.
• C)clearly shows that there is simply a transfer of surplus from employer to worker.
• D)None of these are true.

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Definitions:

Standardized Validity

The extent to which the results of a test or measurement are consistent and accurate across different populations and settings.

High Reliability

The concept or state of being able to function under high levels of uncertainty or risk without significant failures or accidents.

Content Validity

The extent to which a test measures the entire range of material or behavior that is supposed to be measured.

Low Validity

A term indicating that the effectiveness or correctness of a measurement or test is questionable or lacking.