Minimum-Wage Laws

question 27

Multiple Choice

Minimum-wage laws

• A)create frictional unemployment,while firms paying wages above equilibrium to reduce worker turnover creates structural unemployment.
• B)create structural unemployment,while firms paying wages above equilibrium to reduce worker turnover creates frictional unemployment.
• C)and firms paying wages above equilibrium to reduce worker turnover both create structural unemployment.
• D)and firms paying wages above equilibrium to reduce worker turnover both create frictional unemployment.

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Definitions:

Role Overload

A state in which too many expectations or demands are placed on a person.

High Expectation

A strong belief that something will happen or be the case in the future, often greater than standard norms.

Downsizes

The act of reducing the number of workers in a company as a cost-saving measure or because of restructuring needs.

Core Self-Evaluations

A personality trait which reflects an individual's fundamental assessments about themselves, their abilities, and their control over their environment.