If the Minimum Wage Is Set Above the Equilibrium Wage

question 67

True/False

If the minimum wage is set above the equilibrium wage by the government,there is an excess supply of labor in the market.

---

Definitions:

Cultures

The growth of microorganisms, cells, or tissues in a specially prepared nutrient environment for study or diagnosis.

Tolerant

The ability or willingness to tolerate the existence of opinions or behavior that one does not necessarily agree with.

Mentally Disturbed

A term indicating that an individual may be experiencing disruptions in their mental health that affect their thinking, behavior, and emotions.

Emotionally Disturbed

Refers to individuals with significant emotional or behavioral disorders affecting their ability to learn.