Minimum-Wage Laws Can Keep Wages

question 24

Multiple Choice

Minimum-wage laws can keep wages

• A)above equilibrium and cause a surplus of labor.
• B)above equilibrium and cause a shortage of labor.
• C)below equilibrium and cause a surplus of labor.
• D)below equilibrium and cause a shortage of labor.

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Definitions:

Genetic Influence

The impact of genes inherited from parents on the physical and psychological traits of an individual.

Genetic Basis

The underlying genetic makeup or genomic foundation that contributes to the physical and behavioral traits of an organism.

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Chlorpromazine

An antipsychotic drug used to treat a variety of mental health conditions such as schizophrenia and manic phases of bipolar disorder.