If the Minimum Wage Is Below the Equilibrium Wage

question 103

Multiple Choice

If the minimum wage is below the equilibrium wage:

• A)the quantity demanded of labour will be greater than the quantity supplied
• B)the quantity demanded of labour will equal the quantity supplied
• C)the quantity demanded of labour will be less than the quantity supplied
• D)anyone who wants a job at the minimum wage can find one

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Definitions:

Temperance Movement

A social movement against the consumption of alcoholic beverages, advocating for moderation or complete abstinence.

Evangelicals

A group within Protestant Christianity that emphasizes the authority of the Bible, the importance of a personal conversion experience, and the preaching of the gospel.

Immigrants

Individuals who move from their native country to live in a foreign country, often for reasons such as employment, education, or to escape conflict.

Democrats

Members of the Democratic Party, one of the two major political parties in the United States, generally advocating for progressive policies and emphasizing social equality.