As a Result of Establishing a Legal Minimum Wage Above

question 301

Multiple Choice

As a result of establishing a legal minimum wage above the market clearing wage

• A) there will be a shortage of workers.
• B) firms will hire fewer workers.
• C) firms will hire more workers.
• D) fewer workers will want to work.

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Definitions:

Employee Engagement

The emotional commitment an employee has to their organization and its goals, influencing their willingness to put in effort towards work achievements.

Strengths-Based Leadership

A leadership approach focusing on identifying and maximizing individuals' strengths instead of fixing weaknesses.

Actively Disengaged

The state in which individuals are not only uninterested in their tasks or roles but may also exhibit counterproductive behavior.

State of Flow

A state of mind in which an individual is completely absorbed and finds pleasure in an activity, marked by intense concentration, complete engagement, and a sense of satisfaction from the activity itself.