If the Minimum Wage Is Set Above the Equilibrium Wage,after

question 113

Multiple Choice

If the minimum wage is set above the equilibrium wage,after taking into account the resources lost in job search,the firms' surplus ________ and the workers' surplus ________.

• A) increases; increases
• B) increases; decreases.
• C) decreases; increases
• D) decreases; decreases
• E) does not change; decreases

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Definitions:

Sense of Taste

The sense of taste is one of the five traditional senses and refers to the capability to discern different flavors in food and drinks through taste receptor cells on the tongue.

Intrinsic Tongue Muscles

Muscles located entirely within the tongue, essential for movements like rolling and elongating.

Cranial Nerves

Twelve pairs of nerves that originate in the brain and control a variety of functions including sensation, motor skills, and autonomic functions in the head and neck.

Trochlear Nerve

The fourth cranial nerve, responsible for controlling the superior oblique muscle of the eye, which allows for rotational movement.