Some Countries Have High Minimum Wages and Require a Lengthy

question 256

Multiple Choice

Some countries have high minimum wages and require a lengthy and costly process to get permission to open a business

• A) Reducing either the minimum wage or the time and cost to open a business would have no effect on the long- run aggregate supply curve.
• B) Reducing the minimum wage and the time and cost to open a business would both shift the long-run aggregate supply curve to the right.
• C) Reducing the minimum wage would shift long-run aggregate supply to the right. Reducing the time and cost to open a business would have no affect on the long-run aggregate supply curve.
• D) Reducing the minimum wage would have no affect on the long-run aggregate supply curve. Reducing the time and cost to open a business would shift the long-run aggregate supply curve to the right.

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Definitions:

Fathers' Involvement

the degree to which fathers engage in and contribute to various aspects of their children's development, upbringing, and daily care.

Role Strain

Conflicts that someone feels within a role.

Role Conflict

Role conflict occurs when there are incompatible demands placed upon a person relating to their job, family, or other social roles, causing stress and difficulty in fulfilling these roles adequately.

Disciplining Method

Techniques and strategies used by parents or guardians to guide, educate, and correct a child's behavior.