The "Fair Results" View of Fairness Says That a Minimum

question 96

Multiple Choice

The "fair results" view of fairness says that a minimum wage law set above the equilibrium wage rate is unfair because the minimum wage

• A) does not apply to all workers.
• B) boosts the income of highly skilled workers.
• C) benefits only those workers who are able to find and keep a job.
• D) benefits nobody.
• E) cannot be enforced.

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Definitions:

SuperMart

A large supermarket, often part of a chain, offering a wide variety of goods.

Markdown

A reduction from the original or list price of a good or service to increase its attractiveness to buyers.

Regular Selling Price

the normal price at which a good or service is sold before any discounts or promotions.

High-end Stove

A premium kitchen appliance that offers superior performance, quality, and features compared to standard models.