If a Minimum Wage Law Is Passed Imposing a Price

question 124

Multiple Choice

If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor:

• A)​the quantity of unskilled labor demanded will exceed the quantity of unskilled labor supplied.
• B)​the quantity of unskilled labor supplied will equal the quantity of unskilled labor demanded.
• C)​the quantity of unskilled labor supplied will exceed the quantity of unskilled labor demanded.
• D)​the demand for unskilled labor will decrease.

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Definitions:

Lymphocytes

A type of white blood cell crucial for the immune system, mediating immune responses and including T cells and B cells.

Thymus

An organ located in the upper chest, which is part of the immune system and important for the development of T-lymphocytes.

Immune Response

Process of recognizing foreign macromolecules and mounting

Memory B Cells

B cells that continue to produce antibodies after the immune system overcomes an infection.