An Increase in the Minimum Wage Will Decrease Employment More

question 5

Multiple Choice

An increase in the minimum wage will decrease employment more when

• A) the supply of labor is more elastic.
• B) the uncovered sector is small.
• C) the demand for labor is inelastic.
• D) all of the above will cause the minimum wage to decrease employment more.

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Definitions:

Corporation

An independent legal entity owned by shareholders, characterized by limited liability, perpetual succession, and the capacity to enter into contracts.

Unsafe Working Conditions

Work environments that pose potential risks to the health and safety of employees due to improper safety measures or hazardous materials.

Heterosexism

The presumption of heterosexuality as the norm, which can result in discrimination or bias against non-heterosexual orientations and identities.

Systemic Discrimination

Discrimination that is ingrained in the policies, practices, and procedures of institutions, resulting in disadvantages to certain groups.