An Increase in the Minimum Wage Will Tend to Cause

question 32

Multiple Choice

An increase in the minimum wage will tend to cause which of the following?

• A)an upward shift in the WS curve
• B)a downward shift in the WS curve
• C)an upward shift in the PS curve
• D)a downward shift in the PS curve
• E) none of the above

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Definitions:

Capillary Exchange

The process by which nutrients, gases, and wastes are exchanged between blood and tissues through capillary walls.

Precapillary Sphincter

A ring-like muscle at the entrance of capillaries that regulates blood flow into the capillary.

Atrial Natriuretic Hormone

A hormone, secreted by heart's atria, that regulates blood pressure by reducing sodium ion concentration in the blood, thus decreasing blood volume.

Vasopressin

A hormone produced by the pituitary gland that helps regulate water balance in the body and constriction of blood vessels.