Studies of the Effects of the Minimum Wage Typically Find

question 97

Multiple Choice

Studies of the effects of the minimum wage typically find that a 10 percent increase in the minimum wage depresses teenage employment by about

• A) 0 percent.
• B) 1 to 3 percent.
• C) 5 to 7 percent.
• D) 10 percent.

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Definitions:

Age

A measure of the length of time that an individual or entity has existed from its birth or inception to a given date.

Gender

The set of characteristics, roles, expectations, and behaviors that societies typically associate with being male or female, which can vary across different cultures and time periods.

Race

A social construct used to categorize and differentiate individuals based on physical characteristics, often associated with historical and social identities.

Labor Force

The total number of people who are eligible and willing to work, including both employed and unemployed individuals.