Effective Minimum-Wage Laws Will Most Likely Result in (I) an Increased

question 135

Multiple Choice

Effective minimum-wage laws will most likely result in (i) an increased demand for labor.
(ii) a surplus of labor.
(iii) higher incomes for all unskilled workers.

• A)(i) only
• B)(ii) only
• C)(i) and (iii)
• D)(ii) and (iii)

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Definitions:

Replicable

Characteristics of a study or experiment that allow it to be duplicated or repeated by other researchers to verify findings.

Inert Pill

A pill that contains no active ingredients, often used in medical studies as a control to test the effectiveness of treatments.

Statistically Significant

A term indicating that the result of a study or experiment is unlikely to have occurred by chance alone, suggesting a real effect or difference.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, that can be tested through experimentation or observation.