Which of the Following Is Not a Consequence of Minimum

question 205

Multiple Choice

Which of the following is not a consequence of minimum wage laws?

• A)Low-skilled workers are hurt because minimum wage reduces the number of jobs providing low-skilled workers with training.
• B)Employers will be reluctant to offer low-skilled workers jobs with training.
• C)Producers have an incentive to offer workers non-wage benefits such as health care benefits and convenient working hours rather than a higher wage.
• D)Some workers benefit when the minimum wage is increased.

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Definitions:

Internalize

The process of absorbing or incorporating the costs or benefits of a transaction or activity, which were previously external to a market decision-maker, into their own decision-making process.

Nationalized

Refers to industries or assets that have been transferred from private to government ownership.

Best Interest

A principle that guides decisions by prioritizing the benefits and welfare of those affected over other considerations.

Society

A community of individuals living together and interacting under shared norms, values, and institutions.