If the Government Were to Intervene and Set a Wage

question 39

Multiple Choice

If the government were to intervene and set a wage for unskilled labor above the market wage,then we would expect,relative to the market outcome,

• A)an increase in the number of unskilled jobs available.
• B)a decrease in the number of unskilled jobs available.
• C)a decrease in the number of workers wanting unskilled jobs.
• D)None of the above is correct.

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Definitions:

Overly Dependent

Characterized by an excessive reliance on something or someone, often to the point where it becomes detrimental to independence or self-sufficiency.

Informal Nature

Refers to an unsanctioned or unofficial manner or condition that is not formally recognized or controlled.

Politics

involves activities associated with governance, decision-making within a group, and the exercise of power and influence.

Non-sanctioned Means

Actions or methods that are not officially approved or recognized, often used to achieve goals when conventional routes are unavailable or ineffective.