One Reason Unions Might Support an Increase in the Minimum

question 177

True/False

One reason unions might support an increase in the minimum wage is because such a policy would cause a leftward shift in the demand curve for union labor.

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Definitions:

Control Group

In an experiment, a group of subjects that does not receive the experimental treatment and is used as a baseline to compare the effects of the treatment.

Lurking Variables

Variables that are not included as explanatory or dependent variables in a model but can affect the interpretation of the relationships being studied.

Fake Treatment

A placebo or sham treatment used in experimental research to test the efficacy of a real treatment.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.