One Result of a Minimum Wage Is

question 124

Multiple Choice

One result of a minimum wage is

• A) illegal hiring of people at wages below the minimum wage.
• B) more people with jobs.
• C) a change in the equilibrium wage.
• D) lower costs paid by firms.
• E) fewer people searching for work because they realize that firms have decreased the number of people hired.

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Definitions:

State

A politically organized body of people under a sovereign government, recognized within a certain territorial area.

Local Laws

Regulations and ordinances that are established and enforced by local government bodies.

Mental Disease

A disorder that affects a person's thinking, emotional state, and behavior, disrupting their ability to work or carry out other daily activities.

Substantial Capacity

Significant ability or aptitude, often used in legal contexts to denote an individual's competency to engage in certain actions or decisions.