Which of the Following Is Not Correct

question 181

Multiple Choice

Which of the following is not correct?

• A)The economy contains many labor markets for different types of workers.
• B)The impact of the minimum wage depends on the skill and experience of the worker.
• C)The minimum wage is binding for workers with high skills and much experience.
• D)The minimum wage is not binding when the equilibrium wage is above the minimum wage.

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Definitions:

Fallacy

A flaw in the process of thought that results in an argument being invalid or not solidly reasoned.

Affirming Consequent

A logical fallacy where one assumes that because the consequent is true, the antecedent must also be true; it's a flawed argument in conditional reasoning.

Antecedent

The conditional clause that represents the if-part in a conditional statement, where its truth logically necessitates the truth of the consequent.

Modus Ponens

A logical form of argument where, from two premises, one asserts a condition and the other affirms that condition, leading to a conclusion.