Which of the Following Is Not Correct

question 54

Multiple Choice

Which of the following is not correct?

• A) It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.
• B) The equilibrium wages of the least skilled and least experienced members of the labor force tend to be low,and,therefore,are more likely to fall below the legal minimum wage.
• C) If the wage is kept below the equilibrium level for any reason,the result is unemployment.
• D) Minimum-wage laws,unions,and efficiency wages are all reasons wages may be kept above the equilibrium level.

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Definitions:

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected or interrelated.

Cohabitation

The practice of sharing a life together in a romantic bond without the formal ties of marriage.

Educational Levels

The stages or degrees of formal learning, ranging from primary education to tertiary education and beyond.

Income Levels

Categories of annual personal or household earnings, often segmented into brackets such as low, middle, and high income.