Which of the Following Is True of Minimum-Wage Laws

question 302

Multiple Choice

Which of the following is true of minimum-wage laws?

• A)They affect skilled workers' wages.
• B)They create above-equilibrium wages for some unskilled workers.
• C)They create a shortage of unskilled labor.
• D)They negatively affect the employment of skilled workers.

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Childhood

The period of a person's life from birth until adolescence, characterized by rapid physical, cognitive, and emotional development.

Old Age

A period in the human lifespan characterized by advanced age, typically involving retirement from work and noticeable changes in health and physical functioning.

Sensitivity To High-Frequency Sounds

The ability or capacity of the auditory system to detect sounds at higher pitches, which can vary among individuals.

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Alterations in the physical state or properties of a substance or organism, usually observable.