The Employment Effect of a Minimum Wage Increase Is Greater

question 102

Multiple Choice

The employment effect of a minimum wage increase is greater the

• A)more elastic the demand for labor.
• B)less elastic the demand for labor.
• C)more the wage ceiling shifts the supply curve.
• D)more the wage floor shifts the demand curve.

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Definitions:

Lieutenant General

A high military rank, typically ranking just below a general and above a major general, often responsible for commanding large military formations.

Pilot Wings

Insignia that identifies a person as a qualified pilot, often awarded upon completion of training and certification in civil or military aviation.

1942-1946

A period during World War II noted for significant global conflicts, political changes, and the beginning of the post-war recovery phase.

WAVES

A division of the U.S. Navy during World War II, consisting of women volunteers who served in non-combat roles.