According to the Supply and Demand Model

question 9

Multiple Choice

According to the supply and demand model,

• A)higher minimum wages have no effect on unemployment for young people with low skills.
• B)higher minimum wages will reduce unemployment among young people with low skills.
• C)minimum wages should not differ across countries.
• D)the higher the market wage is relative to the minimum wage,the higher the unemployment rate is among young people with low skills.
• E)the lower the market wage is relative to the minimum wage,the higher the unemployment wage is among young people.

---

Definitions:

Tokenism

The practice of publicly making small concessions to a minority group in order to deflect accusations of prejudice and discrimination.

Token of Good Faith

An action or item provided to show sincerity and intention to engage in a deal or relationship honestly.

Scapegoat

Individual or group that becomes the target for anger and frustration caused by a different individual or group or some other set of circumstances.

Frustration-Aggression Hypothesis

A psychological theory proposing that aggression is often the result of blocking, or frustrating, a person's efforts to attain a goal.