What Would Be Associated with the Type of Unemployment Created

question 52

Multiple Choice

What would be associated with the type of unemployment created by the minimum-wage law?

• A) Greg quits his job as a grocery cashier because he would rather work at the library.
• B) Fred decides to close his Thai restaurant because he cannot afford to pay workers the going wage.
• C) In hopes of earning a higher income,Bruce goes back to trade school to get further training.
• D) Liz pays the workers for her plumbing and heating company more than the equilibrium wage because she believes it will make them work harder.

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Definitions:

Southern Democrats

A faction of the Democratic Party in the United States that historically advocated for the interests of the southern states, often including the support of states' rights and segregation.

Good Neighbor Policy

A United States foreign policy doctrine, adopted by President Franklin D. Roosevelt in 1933, aimed at strengthening friendly relations with Latin American countries.

Hoovervilles

Shanty towns built by homeless people during the Great Depression in the United States, named after President Herbert Hoover, who was blamed for the economic plight that led to their conditions.

Homeless

Individuals or families lacking stable and permanent housing.