If Minimum Wage Legislation Does Cause Unemployment, Then

question 48

Multiple Choice

If minimum wage legislation does cause unemployment, then:

• A) those who are lucky enough to land jobs benefit.
• B) those who become unemployed as a result lose.
• C) firms will not bear the entire burden of the higher cost of employment.
• D) All of these are true.

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Definitions:

Managers' Yearly Salaries

An annual financial compensation received by managers for their services to an organization.

Governmental Organizations

Entities operated by the government that aim to enforce laws, administer public policy, and provide basic services to citizens.

Private Organizations

Entities that operate independently of government control, often for profit and not directly funded by the government.

Level of Significance

A threshold set by researchers that determines the probability of rejecting the null hypothesis when it is actually true.