Firms Can Offset Increased Wage Costs Due to an Increase

question 26

True/False

Firms can offset increased wage costs due to an increase in the minimum wage by increasing efficiency.
126.Evidence indicates the minimum wage has little effect on the income distribution.

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Definitions:

Stereotyping

The act of attributing specific characteristics or behaviors to individuals based solely on their membership in a particular group.

Prejudice

Preconceived opinions or judgments about individuals or groups that are typically negative and formed without factual basis.

Sex

Biologically based differences that determine whether one is male or female.

Gender

Socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse individuals.