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

question 169

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 demand for unskilled labor
• B) a decrease in the supply of unskilled labor
• C) a shortage of unskilled labor
• D) a surplus of unskilled labor

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Definitions:

SetSize

A method typically used in graphical user interface programming to specify the dimensions of a component, like a window or a button.

Method

A block of code defined within a class that performs a specific task and can be executed when called upon.

GridLayout Manager

A layout manager in programming that arranges components in a rectangular grid, with an equal size for each component.

GUI Components

The visual elements such as buttons, text fields, and sliders that make up a graphical user interface in software applications.