Many Economists Are Critical of the Minimum Wage Because They

question 55

Multiple Choice

Many economists are critical of the minimum wage because they believe that it

• A) hurts the efforts of labor unions.
• B) reduces the number of available job opportunities.
• C) conflicts with policies designed to equalize the distribution of income.
• D) causes labor shortages in affected markets.

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Definitions:

Positive Numbers

Positive numbers are numbers greater than zero, found on the right side of the real number line, and are used to represent quantities that have magnitude only.

System of Linear Equations

A collection of one or more linear equations involving the same sets of variables, where the solution is the set of values that satisfy all equations simultaneously.

Matrix

A rectangular array of numbers, symbols, or expressions, arranged in rows and columns, that is used in mathematical and computational contexts.

Mixture

A combination of two or more substances where each substance retains its chemical properties.