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:

Blended Family

A family unit composed of a couple and their children from this and all previous relationships.

Custody

The protective care or guardianship over someone or something, often used in legal contexts to describe responsibility for children.

Role Strain

The stress or strain experienced by an individual when they cannot fulfill the demands or expectations of a particular social role.

Skilled Nursing Facility

A healthcare facility that provides high-level medical care and services to patients, including nursing care, physical therapy, and other rehabilitative services.