Is the Minimum Wage Fair

question 71

Multiple Choice

Is the minimum wage fair?

• A) Yes, because all workers benefit because they are paid more.
• B) No, because it enhances the prospects of voluntary exchange.
• C) No, because workers who lose their jobs are made worse off.
• D) Yes, because firms must pay a wage closer to a living wage.
• E) Yes, because workers need the extra income.

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Definitions:

Telegraphic

Describes a concise and clear communication style, often omitting unnecessary words, similar to old telegraph messages.

Autographic

Refers to a method or device that records or graphs data automatically.

Existential Awareness

The conscious understanding and consideration of one’s existence, mortality, and the meaning of life.

Positive Emotions

Feelings that are enjoyable or pleasurable, including happiness, joy, excitement, and contentment.