Table 4-7 Table 4-7 Shows the Demand and Supply Schedules

question 250

Multiple Choice

Table 4-7
Table 4-7 shows the demand and supply schedules for labor market in the city of Pixley.
-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-skill 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:

Block

To obstruct or prevent action or progress in a negotiation or any process.

Commons Dilemma

A situation in which individual interests conflict with collective well-being, often regarding the exploitation of shared resources.

Coalition Research

The study of the processes, dynamics, and outcomes associated with forming alliances between groups or organizations to achieve shared goals.

Strategic Power

The ability to influence or control outcomes in a way that achieves long-term goals or objectives, often through careful planning and resource allocation.