Which of the Following Is a Correct Statement About a Minimum

question 89

Multiple Choice

Which of the following is a correct statement about a minimum wage law?

• A) It reduces costs for employers.
• B) It ensures that all who want a job can get a job with a high enough wage.
• C) It causes prices to rise as producers pay more for labor.
• D) It is a price ceiling law that makes wages higher than the market equilibrium price.
• E) It is a price floor law that forces wages to be lower than the market equilibrium price.

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Definitions:

Cricoid Cartilage

The ring-shaped cartilage of the larynx, located below the thyroid cartilage, serving as a point of attachment for muscles, ligaments, and membranes involved in opening and closing the airway and in speech production.

Epiglottis

A piece of cartilage at the tongue's base that moves down when swallowing to block the windpipe's entrance.

Arytenoid Cartilage

Paired cartilages located in the larynx that are crucial for the movement and tension of the vocal cords.

Lobes

Distinct regions into which certain organs or tissues, such as the brain, lungs, and liver, are divided, often with specific functions.