If the Minimum Wage Is Set at a Level Above

question 16

Multiple Choice

If the minimum wage is set at a level above the equilibrium wage:

• A) it will have no effect.
• B) it will be a nonbinding minimum wage.
• C) it could cause unemployment.
• D) All of these are true.

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Definitions:

Hormone

Chemical messengers produced by glands that regulate bodily functions by traveling through the bloodstream.

Ectodermal Cells

Cells originating from the outermost layer of the embryo, which give rise to the epidermis, nervous system, and some sensory organs.

Neural Tube

The embryonic precursor to the central nervous system, which develops into the brain and spinal cord in vertebrates.

Cell Migration

The movement of cells from one area to another, often a part of processes such as wound healing and the development of organisms.