The Effect of Legislation Establishing a Minimum Wage Above the Market

question 2

Multiple Choice

The effect of legislation establishing a minimum wage above the market clearing wage is

• A) unemployment.
• B) a shortage of labor.
• C) higher wages for all workers.
• D) a shift of the demand for labor curve.

---

Definitions:

Physical Development Tests

Assessments designed to evaluate the physical growth and motor skills progression in individuals, often used for children.

Commercially Prepared

Pertains to products, especially foods or medicines, manufactured and sold by businesses rather than made at home.

Questionnaire

A research instrument consisting of a series of questions for the purpose of gathering information from respondents.

Personal Opinions

Individual beliefs or judgments that are not necessarily based on fact or knowledge.