Proponents of the Minimum Wage Implicitly Assume That the ____

question 34

Multiple Choice

Proponents of the minimum wage implicitly assume that the ____ if they discount the unemployment effects of the policy.

• A)supply curve for unskilled workers is inelastic
• B)supply curve for unskilled workers is highly elastic
• C)demand curve for unskilled workers is inelastic
• D)demand curve for unskilled workers is highly elastic

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Definitions:

Direct Pressure

The influence exerted by individuals or groups to encourage a specific behavior or action, often through explicit requests or commands.

Self-Censorship

The act of censoring or restricting one's own speech or written content to avoid offending others or facing retribution.

Stereotyping Competitors

The oversimplified and generalized perception or beliefs about rival companies.

Team Responsibilities

The duties and tasks that are collectively assigned to a group working towards a common goal.