Does Minimum Wage Cause Unemployment

question 101

Multiple Choice

Does minimum wage cause unemployment?

• A)Theoretically,yes.
• B)Economists have found evidence that it does cause small amounts of unemployment in certain industries.
• C)Economists have found evidence that shows it does not impact unemployment levels in an industry like fast food.
• D)All of these are true.

---

Definitions:

Decision-Making Units

Groups or individuals within an organization that have the authority and responsibility to make choices that affect the organization's operations.

Public Policy Implications

The effects or outcomes that governmental policies have on society, including economic, social, or environmental impacts.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods, illustrating the concept of trade-offs.

Money Income

The total amount of monetary earnings received by an individual or household over a specific period of time, including wages, salaries, and other earnings.