Suppose That Congress Increased the Minimum Wage to $12

question 28

Multiple Choice

Suppose that Congress increased the minimum wage to $12.50/hour, ceteris paribus. This will:

• A) increase the number of fast food workers
• B) decrease the number of fast food workers
• C) result in no change in the number of fast food workers
• D) not enough information to answer

---

Definitions:

Academic Work

Academic Work encompasses studies, research, and assignments undertaken in an educational context, focusing on the advancement of knowledge and learning.

High-Status Jobs

Occupations that are generally regarded as prestigious and often come with higher levels of responsibility, income, and social recognition.

IQ Tests

Uniform exams aimed at assessing human cognitive capabilities and intelligence levels.

Heredity and Environment

The interplay between genetic factors inherited from parents and environmental influences in shaping the characteristics of an organism.