Consider Two Groups of Workers Both Facing Identical Downward-Sloping Demand

question 6

Multiple Choice

Consider two groups of workers both facing identical downward-sloping demand curves.The labor supply curve of group A workers is relatively elastic,while that of group B workers is relatively inelastic.Which of the following will result if the government imposes a minimum wage in both these labor market?

• A)Group A workers will experience a higher disemployment effect than group B workers.
• B)Group B workers will experience a higher disemployment effect than group A workers.
• C)The total unemployment experienced by Group A workers will be higher than Group B workers.
• D)The total unemployment experienced by Group B workers will be higher than Group A workers.

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Definitions:

Regulation

A process involving the creation and enforcement of guidelines, laws, or rules to govern behavior and ensure order and fairness in various contexts.

Cognitive Behavioral Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

ADHD

A neurodevelopmental disorder known as Attention-Deficit/Hyperactivity Disorder is marked by symptoms of inattention, impulsiveness, and excessive activity.

Aggressive Impulses

Innate or developed urges to act or react with hostility or violence towards others or oneself.