Which Effect Is a Minimum Wage Likely to Have

question 122

Multiple Choice

Which effect is a minimum wage likely to have

• A)It will create more unemployment in the long run than in the short run.
• B)It affects unskilled labour more since its demand is more inelastic.
• C)It helps the working poor without any cost to the government.
• D)It helps the low-income families more than the teenage workers from middle-class families.

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Definitions:

Embarrassing Oneself

The act of causing oneself to feel awkward, self-conscious, or ashamed in public or social situations.

Social Anxiety Disorder

A chronic mental health condition characterized by overwhelming anxiety and self-consciousness in everyday social situations.

Phobia

An intense, irrational fear of, or aversion to, specific objects, activities, or situations.

Feared Situations

Specific scenarios or conditions that provoke intense fear or anxiety in an individual, often related to phobias or anxiety disorders.