Refer to Scenario 1

question 34

Multiple Choice

Refer to Scenario 1.1 below to answer the question(s) that follow.
SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the level of teenage unemployment. The economist collects data on the values of the minimum wage and the levels of teenage unemployment over time. The economist concludes that a 1% increase in minimum wage causes a 0.2% increase in teenage unemployment. From this information he concludes that the minimum wage is harmful to teenagers and should be reduced or eliminated to increase employment among teenagers.
-Refer to Scenario 1.1. The statement that an increase in the minimum wage causes an increase in teenage unemployment is an example of

Definitions:

Self-Driving Cars

Vehicles equipped with technology that allows them to navigate and operate without human intervention.

Fatalities

Deaths resulting from an accident or disaster.

Print Advertising

A form of marketing that uses physically printed media, like newspapers and magazines, to reach consumers.

Industrial Robot

Automated machines designed to perform complex manufacturing, assembly, and material handling tasks in industrial settings.