Minimum-Wage Laws Are One Reason There Is Always Some Unemployment

question 224

True/False

Minimum-wage laws are one reason there is always some unemployment in the U.S. economy.

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Definitions:

Effectiveness

The degree to which something achieves its intended outcomes or goals in real-world conditions.

Numeric Properties

Characteristics or attributes of numbers or datasets, such as mean, median, mode, range, and standard deviation.

Scales Measurement

A method used in research to assign numerical values to variables for the purpose of quantitative analysis.

Seven-Point Scale

A survey response scale that offers seven possible answers, typically ranging from one extreme attitude to another.