An Increase in the Minimum Wage

question 31

Multiple Choice

An increase in the minimum wage

• A)reduces structural unemployment.
• B)reduces frictional unemployment,
• C)increases structural unemployment.
• D)increases frictional unemployment.

---

Definitions:

Quantity

The quantity of a substance or abstract item that does not need a measurement unit to be quantified.

Quality

An attribute or characteristic that determines the degree of excellence or superiority of something.

Quantity

A property that describes the numerical extent or amount of something.

Quality

Evaluating the caliber of an object by comparing it to its counterparts; the highness of its excellence.