A Minimum Wage That Is Set Below a Market's Equilibrium

question 116

Multiple Choice

A minimum wage that is set below a market's equilibrium wage will

• A)result in an excess demand for labor,that is,unemployment.
• B)result in an excess demand for labor,that is,a shortage of workers.
• C)result in an excess supply of labor,that is,unemployment.
• D)have no impact on employment.

Develop problem-solving and decision-making skills in the context of HR technology implementation.

Understand the concept of affirmative action and its impact on American society.

Analyze the emergence, objectives, and impacts of the antifeminist and feminist movements in the 1970s.

Comprehend the objectives and outcomes of détente as handled by Nixon and Kissinger, and the continuation of such policies under Carter.