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:

Mate Selection

The process by which individuals choose their partners, often based on personal, cultural, and biological factors.

Biological Fluke

An unexpected or rare occurrence in biological systems often resulting from random genetic variations or environmental conditions.

Socialization Practices

The methods and processes through which individuals learn and internalize the values, beliefs, and norms of their society or social group, shaping their behavior and thinking.

Mate Selection

The process by which individuals choose their partners, often based on a combination of personal preferences, social influences, and biological factors.