Which of the Following Is Correct

question 92

Multiple Choice

Which of the following is correct?

• A)Minimum-wage laws are the predominant cause of unemployment in the U.S.
• B)Right-to-work laws provide programs to train people who have lost their jobs due to sectoral shifts.
• C)There's not much evidence that unemployment insurance reduces search efforts by the unemployed.
• D)If an industry unionizes, it increases wages in that industry while decreasing wages in other industries.

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Definitions:

Necessities

Basic needs required for sustaining human life, such as food, water, shelter, and clothing.

Income

Money received, especially on a regular basis, for work or through investments.

Industry Life Cycle

A concept that describes the stages of growth and development that an industry goes through from inception, through growth, maturity, and eventually decline.

Stock Prices

The current market price at which shares of a company are bought or sold.