If a Minimum Wage Were Specified Below the Equilibrium Wage

question 42

True/False

If a minimum wage were specified below the equilibrium wage in a given market, then the minimum wage would certainly reduce employment in that market.

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Definitions:

Pathogen Spreads

The transmission of microorganisms that cause disease from one individual or source to another, through various means.

Susceptible Host

An individual who has little or no immunity to infection by a particular organism.

Immunity

The ability of an organism to resist harmful microorganisms from entering it, through the actions of specific antibodies or sensitized white blood cells.

Pathogen

A microorganism, such as a virus, bacteria, or fungus, that can cause disease in its host.