Which of the Following Is Not a Consequence of Minimum

question 145

Multiple Choice

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

• A) Low-skilled workers are hurt because a 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:

Normal Distribution

An equal-probability distribution around the mean, which shows that instances near the mean happen more frequently than instances far from the mean.

Normal Probability Distribution

A bell-shaped distribution that is symmetric about the mean, showing how random variables are distributed.

Continuous Probability Distribution

A probability distribution that assigns probabilities to a continuum of possible outcomes, often described by a probability density function.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values; an indicator of data spread or how spread out the data are.