The General Equilibrium Analysis of a Minimum Wage Applied to Only

question 95

Multiple Choice

The general equilibrium analysis of a minimum wage applied to only some sectors of the economy suggests that

• A) workers in all sectors will face increased wages.
• B) some workers in the covered sectors will lose their jobs and remain unemployed.
• C) some workers originally employed in the covered sectors will move to the uncovered sectors, driving down wages in the uncovered sectors.
• D) all workers will be worse off.

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Definitions:

Text-Based Communication

The exchange of information between individuals or groups through written language, utilizing digital platforms or traditional methods without face-to-face interaction.

Computer-Mediated Communication

Communication between people through the use of computers and the internet, encompassing emails, chats, social media, and other digital platforms.

Trust Development

The process by which individuals build confidence in each other's intentions and abilities, crucial for effective collaboration and teamwork.

Computer-Mediated Groups

Groups that interact through digital platforms rather than face-to-face, often using the internet or other network technologies for communication.