A Binding Minimum Wage

question 100

Multiple Choice

A binding minimum wage

• A)alters both the quantity demanded and quantity supplied of labor.
• B)affects only the quantity of labor demanded;it does not affect the quantity of labor supplied.
• C)has no effect on the quantity of labor demanded or the quantity of labor supplied.
• D)causes only temporary unemployment because the market will adjust and eliminate any temporary surplus of workers.

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Definitions:

Training Transfer Concept

The theory that knowledge, skills, and behaviors learned in training should be applied to the job environment.

Training Effectiveness

The extent to which training achieves its intended outcomes, such as improving knowledge, skills, and job performance.

Stimulus Variability

Stimulus variability refers to the range of different stimuli or conditions presented during learning or experimentation, to enhance adaptation or understanding.

Identical Elements

A learning theory principle suggesting that transfer of learning occurs when the learning and application situations share the same elements.