The Evidence on How Minimum Wage Laws Affect the Real

question 11

Multiple Choice

The evidence on how minimum wage laws affect the real world:

• A) is mixed.
• B) shows clearly that such price floors cause unemployment.
• C) shows clearly that there is simply a transfer of surplus from employer to worker.
• D) None of these statements is true.

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Definitions:

Social Roles

The parts individuals play as members of a social group, which come with expected behaviors, responsibilities, and norms.

Zimbardo Experiment

A psychological study conducted by Philip Zimbardo in 1971 to investigate the effects of perceived power, focusing on the struggle between prisoners and prison guards in a simulated environment.

Halo Effect

A cognitive bias where one's overall impression of a person influences how we feel and think about their character.

Attracted

The state or condition of being drawn to or interested in something or someone, often in a romantic or sexual manner.