If the Wage Is Kept Above the Equilibrium Level Because

question 326

True/False

If the wage is kept above the equilibrium level because of minimum-wage laws, then the result is unemployment; if the wage is kept above the equilibrium level for some other reason, the result need not be unemployment.

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Definitions:

Justice Perspective

A view that emphasizes fairness, equity, and moral rightness in the consideration of how laws and policies affect people.

Care Perspective

An ethical viewpoint highlighting the importance of interpersonal relationships and the welfare of others in moral deliberation.

Kohlberg

A psychologist known for his theory of moral development, which proposes that individuals progress through stages of moral reasoning.

Gilligan

A psychologist who criticized the moral development theory of Kohlberg on the grounds that it was gender-biased, offering an alternative theory emphasizing care and relationships.