The Number of Unskilled Workers Employed Before and After an Increase

question 86

Multiple Choice

The number of unskilled workers employed before and after an increase in the minimum wage is found to be the same. This means

• A)the change in minimum wage created a surplus of workers in the unskilled labor market.
• B)the change in minimum wage created a shortage of work
• C)the minimum wage could still be below the equilibrium wage for unskilled labor.
• D)changes in minimum wage never have an impact on the unskilled labor market.

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Definitions:

Giftedness

An exceptional level of ability, creativity, or talent that significantly surpasses the norm for a child's age and cultural background.

Mental Retardation

An outdated and insensitive term, now referred to as Intellectual Disability, indicating significant limitations in intellectual functioning and adaptive behavior.

Cattell-Horn-Carroll Model

A psychological theory that attempts to describe human intelligence and cognitive abilities through a hierarchical structure of factors.

Factor Analysis

A method of demonstrating construct validity by statistically examining the relationship between subscales and the larger construct. It is frequently used in multiple aptitude tests to help developers determine the purity of subtests.