A Binding Minimum Wage

question 100

Multiple Choice

A binding minimum wage

• A)alters both the quantity demanded and quantity supplied of labor.
• B)affects only the quantity of labor demanded;it does not affect the quantity of labor supplied.
• C)has no effect on the quantity of labor demanded or the quantity of labor supplied.
• D)causes only temporary unemployment because the market will adjust and eliminate any temporary surplus of workers.

---

Definitions:

Ovarian Cyst

A fluid-filled sac within the ovary, often harmless and without symptoms, but can sometimes cause pain and other complications.

Mobile

Capable of moving or being moved freely or easily, often used in the context of mobile phones or nomadic lifestyles.

Fluctuant

Refers to a medical sign indicating a soft and movable swelling under the skin, often filled with fluid or pus.

Ovarian Cancer

A malignant tumor that arises in the ovaries, the female reproductive glands that produce eggs.