Suppose the Equilibrium Wage Is $10 an Hour

question 93

Multiple Choice

Suppose the equilibrium wage is $10 an hour.A minimum wage is a price ________ that will change the quantity of employment if it is set at ________ an hour.

• A)floor;$12
• B)ceiling;$12
• C)floor;$8
• D)ceiling;$8
• E)floor;$10

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Definitions:

Classical Conditioning

A training technique characterized by the recurrent pairing of two cues, leading to an outcome where the first cue alone can elicit a response initially caused by the second cue.

Generalization

The process in psychology of applying learned behavior and responses to similar stimuli that were not part of the original learning.

Secondary Reinforcement

A form of reinforcement where a stimulus gains its reinforcing power through its association with a primary reinforcer.

Delayed Reinforcement

A tactic in which a reward or punishment is given after a time delay, following the behavior it is meant to encourage or discourage.