Is the Minimum Wage Fair

question 71

Multiple Choice

Is the minimum wage fair?

• A) Yes, because all workers benefit because they are paid more.
• B) No, because it enhances the prospects of voluntary exchange.
• C) No, because workers who lose their jobs are made worse off.
• D) Yes, because firms must pay a wage closer to a living wage.
• E) Yes, because workers need the extra income.

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Definitions:

Bureaucratic

Pertaining to the administration of organizations with a rigid hierarchy, fixed rules, and a focus on procedure over effectiveness.

Human Resources

The department within an organization that focuses on recruiting, managing, and providing direction for the people who work in the organization.

Technological Changes

Adjustments or advancements in technology that affect industries, workplaces, and society.

Delivering Health Care

The process of providing medical services to individuals or communities.