There Are Several Criticisms of the Minimum Wage

question 215

Multiple Choice

There are several criticisms of the minimum wage.Which of the following is not one of those criticisms?

• A)The minimum wage often hurts those people who it is intended to help.
• B)The minimum wage results in an excess supply of low-skilled labor.
• C)The minimum wage prevents some younger workers from getting needed on-the-job training.
• D)The minimum wage fails to raise the wage of any employed person.

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Definitions:

Computer Manufacturing

The industrial process of producing computer hardware components and assembling them into complete systems or products.

Privatization

Transfer or sale of ownership of a certain property or industry by a government to the private (non-government) sector

Government Intervention

The involvement of government in the market with the aim of influencing economic outcomes, such as through regulations, subsidies, or taxes.

Global Pricing

The strategy of setting prices for products or services on a worldwide scale, considering factors like costs, market conditions, and competition.