For a Given Increase in the Minimum Wage,which of the Following

question 45

Multiple Choice

For a given increase in the minimum wage,which of the following would likely result in a smaller decrease in teenage employment?

• A) Teenage workers are close substitutes with older workers who are paid more than the minimum wage.
• B) Teenagers produce goods that have a high price elasticity of demand.
• C) Teenager labor represents a small fraction of the cost of making goods.
• D) Teenagers are paid so little that the minimum wage increases their wage more.

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Definitions:

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Ethnic Minority Groups

Communities or populations that share a common cultural heritage, language, or history and are smaller in number within a larger society.

Traditional Notions

Established beliefs or ideas that are widely accepted and passed down within a culture or society.

Sexism

Prejudice or discrimination based on a person's sex or gender, typically against women and girls, manifesting in various societal, economic, and cultural contexts.