If the Minimum Wage Is Set Above the Equilibrium Wage

question 41

Multiple Choice

If the minimum wage is set above the equilibrium wage, then

• A)more people will work than at the equilibrium wage.
• B)the same number of people will work as at the equilibrium wage.
• C)fewer people will want to work than at the equilibrium wage.
• D)there will be fewer labor hours purchased by employers than at the equilibrium wage.

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Definitions:

Sterilization

The process of eliminating all forms of microbial life, including bacteria, viruses, fungi, and spores, usually through heat or chemicals.

First Step

The initial action or move made towards the achievement of a goal.

Sterilization

A process that eliminates all forms of life and other biological agents from a specific surface, fluid, or compound.