A Minimum Wage Law (That Sets the Minimum Wage Above

question 3

Multiple Choice

A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to

• A) clear the market for unskilled workers.
• B) increase the number of unskilled workers employed.
• C) increase the number of firms in those industries where the law is effective.
• D) reduce the number of unskilled workers employed and/or reduce the number of hours worked by unskilled workers.
• E) all of the above

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Definitions:

Menu Of Options

A selection or range of choices or alternatives offered to someone, often used in the context of decision-making strategies.

Complainant-Type Relationship

Pertains to a dynamic where one party regularly expresses dissatisfaction or grievances towards another, often seen in legal or organizational contexts.

Affirmations

Positive statements that are repeated to oneself in order to challenge negative thoughts and foster self-belief.

Evaluations

The process of assessing or judging the value, quality, or importance of something, often for the purpose of making decisions.