If an Increase in the Minimum Wage Leads to Higher

question 6

Multiple Choice

If an increase in the minimum wage leads to higher aggregate earnings by the workers affected,then the own-wage elasticity of demand is

• A) elastic.
• B) inelastic.
• C) of unit elasticity.
• D) uncertain; more information is needed.

---

Definitions:

ADDIE Model

A systematic instructional design framework consisting of five phases: Analysis, Design, Development, Implementation, and Evaluation, used to create effective educational programs.

Technology Developments

Advancements or innovations in technology that lead to new devices, systems, or methods, often improving efficiency or effectiveness.

Technology Training

Educational programs or workshops focused on improving individuals' ability to use technologies effectively, from software applications to hardware devices.

Social Capital

The networks, relationships, and social interactions that provide value and support to individuals within a community or organization.