What Will Happen If a Newly Imposed Minimum Wage Is

question 9

Multiple Choice

What will happen if a newly imposed minimum wage is set above the equilibrium wage in a labour market

• A)The equilibrium wage in the market will rise.
• B)Every worker who is earning a wage below the minimum will be better off.
• C)Some workers will get a raise and some workers will lose their jobs.
• D)Workers earning more than the minimum wage will be worse off.

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Definitions:

Visual Cliff

An experimental apparatus used to study depth perception and fear of heights in infants and young animals.

Monocular Cues

Visual cues to depth or distance, which can be used by one eye alone.

Binocular Cues

Visual information taken in by both eyes that enables perception of depth, distance, and 3D characteristics of objects.

Kinesthesis

The sense of body position and movement of body parts; also called kinesthesia.