Which of the Following Is the Most Likely Outcome of Minimum

question 201

Multiple Choice

Which of the following is the most likely outcome of minimum wage laws?

• A) an increase in both the quantity of labor supplied by workers and the quantity of labor demanded by firms
• B) an increase in the quantity of labor supplied by workers and a decrease in the quantity of labor demanded by firms
• C) a decrease in the quantity of labor supplied by workers and an increase in the quantity of labor demanded by firms
• D) a decrease in both the quantity of labor supplied by workers and the quantity of labor demanded by firms

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Definitions:

Social Psychology Quarterly

A scholarly journal that publishes original research and theory on human social behavior.

Scholarly Journal

A publication containing articles and research findings, often peer-reviewed, within a specific academic discipline.

Peer-Review Process

A critical evaluation system where experts in the same field as the work being reviewed assess its quality, validity, and relevance before publication.

Journal of American History

An academic journal dedicated to publishing scholarly articles and research related to the history of the United States.