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A Binding Minimum Wage Creates a Surplus of Labor

question 169

True/False

A binding minimum wage creates a surplus of labor.


Definitions:

Unconscious Evaluations

Assessments or judgments made without conscious awareness, often influencing preferences, decisions, and behaviors based on implicit biases.

Mere Exposure Effect

The tendency for people to come to like things simply because they see or encounter them repeatedly.

Ingroup Members

People who belong to the same group or category as we do.

Outgroup Members

People who belong to a different group or category than we do.

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