Which of the Following Is Correct

question 30

Multiple Choice

Which of the following is correct?

• A)Studies of the effects of the minimum wage typically find that a 10 percent increase in the minimum wage raises the average wage of teenagers by 10 percent.
• B)The drop in teenage employment caused by a 10 percent increase in the minimum wage is not significant.
• C)The minimum wage is more often binding for teenagers than for other members of the labor force.
• D)All firms consistently enforce minimum-wage laws.

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Definitions:

Drive Theorists

Psychologists who suggest that behavior is motivated by the desire to reduce internal tension caused by unmet biological needs.

Homeostatic Mechanism

A process by which biological systems maintain stability and balance in response to external changes.

Incentive

Something that motivates or encourages an individual to take action or to perform a behavior.

External Goal

An objective or target that an individual aims to achieve, which is set outside of themselves, such as career achievements or material possessions.