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.

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Definitions:

Capital Account Balance

The amount in a company or partnership's capital account, representing ownership interest in the entity.

Withdraws

Money taken out of a business by its owner(s) for personal use.

Partnership

A business structure where two or more individuals share ownership, as well as the profits or losses of the business.

Capital Balances

The amount of money or value of assets that a company or an individual has invested in a business.