Which Is the Most Likely Result of Imposing a Minimum

question 32

Multiple Choice

Which is the most likely result of imposing a minimum wage above a market's equilibrium wage

• A)The quantity supplied of labour will be greater than the quantity demanded of labour, and unemployment will occur.
• B)The quantity demanded of labour will be greater than the quantity supplied of labour, and unemployment will occur.
• C)The quantity supplied of labour will be greater than the quantity demanded of labour, and a shortage of workers will occur.
• D)The quantity demanded of labour will be greater than the quantity supplied of labour, and a shortage of workers will occur.

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Definitions:

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Limits set by governments on the number of immigrants allowed to enter a country each year, often based on nationality, occupation, or other criteria.

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A Southeast Asian country known for its pivotal role in geopolitical tensions during the Cold War, especially the Vietnam War between the North (supported by the USSR and China) and the South (supported by the USA).