If the Minimum Wage Law Sets a Wage Floor Below

question 61

Multiple Choice

If the minimum wage law sets a wage floor below the equilibrium wage in the market for unskilled labor,then the

• A) minimum wage will create a surplus of unskilled labor.
• B) minimum wage will create a shortage of unskilled labor.
• C) minimum wage will not impact the unskilled labor market.
• D) unskilled labor market will change,but we cannot be certain how.

---

Definitions:

Force Of Contraction

The intensity or strength of muscle fiber contractions.

Carbon Dioxide

An invisible, unscented gas that results from the burning of carbon and organic compounds, as well as from breathing processes. It is a naturally occurring component of the air, utilized by plants in photosynthesis.

Heart Rate

The quantity of heart pulses within a given time frame, usually measured in beats per minute (bpm).

Cardiac Tissue

Specialized muscle tissue found in the heart that contracts rhythmically and is responsible for pumping blood throughout the body.