A Rise in the Minimum Wage Increases the Demand for Union

question 368

Multiple Choice

A rise in the minimum wage increases the demand for union labor because this policy change

• A) lowers the wage rate paid to union labor.
• B) raises the productivity of union labor.
• C) lowers the cost of a substitute for union labor.
• D) raises the cost of a substitute for union labor.

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Definitions:

Sureness

The state of being confident in one's abilities, decisions, or beliefs.

Certainty

The state of being sure or confident about something, often without any doubt.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, often involving discernment, analysis, logic, and reasoning.

Emergent Thinking

A mode of thinking that involves integrating different ideas and information to form novel insights or solutions.