If There Is a Floor on Wages Created by a Minimum

question 25

Multiple Choice

If there is a floor on wages created by a minimum wage, union contracts, or other factors, then a decline in the marginal productivity of low-skilled workers will ________ the demand for low-skilled workers and ________ the number of unemployed workers.

• A)increase; increase
• B)increase; decrease
• C)decrease; decrease
• D)decrease; increase

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Definitions:

Disadvantages

The drawbacks or negative aspects of a situation, condition, or decision.

Family Mealtime

Family mealtime is the occasion when members of a household gather to eat a meal together, an important practice for bonding, communication, and the establishment of healthy eating patterns.

Eating

The act of consuming food or substances to provide nutritional support for the body, a necessary action for survival.

Benefits

Advantages or positive outcomes gained from actions, decisions, or policies.