A Minimum Wage Law (That Sets the Minimum Wage Above

question 61

Multiple Choice

A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to

• A)clear the market for unskilled workers.
• B)increase the number of unskilled workers employed.
• C)increase the number of firms in those industries where the law is effective.
• D)reduce the number of unskilled workers employed and\or reduce the number of hours worked by unskilled workers.

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Characteristics that are directly opposing or completely different from each other, often used to describe personality traits or physical properties.

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A societal system characterized by historical cultural norms and values of Western Europe and North America, focusing on individualism and democracy.

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