If an Increase in the Government-Imposed Minimum Wage Pushes the Price

question 151

Multiple Choice

If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?

• A) an increase in quantity of unskilled labor demanded
• B) a decrease in the quantity of unskilled labor supplied
• C) a shortage of unskilled labor
• D) a surplus of unskilled labor (unemployment)

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Definitions:

Decubitus Ulcer

A pressure sore or ulcer that forms on the skin due to prolonged pressure, often affecting bedridden individuals.

Nail Root

The part of the nail beneath the skin, from where the nail starts to grow.

Nail Body

The visible part of the nail, made of keratin, that covers and protects the tips of the fingers and toes.

Nail Bed

Epithelial tissue resting on dermis under the nail between the nail matrix and hyponychium; contributes to the formation of the nail.