Which of the Following Is the Most Likely Result of an Increase

question 39

Multiple Choice

Which of the following is the most likely result of an increase in the minimum wage?

• A) An increase in the employment of unskilled workers.
• B) A decrease in the number of workers seeking minimum wage jobs.
• C) An increase in the demand for unskilled workers.
• D) A decrease in the employment of unskilled workers.

Recognize the role of consumer psychology in marketing strategies.

Understand the determination of bond prices and their relation to yield to maturity.

Analyze the effect of coupons and maturity on bond pricing and yield.

Identify characteristics and valuation of different types of bonds: coupon, zero-coupon, callable, and convertible bonds.