The Minimum Wage Can Be Thought of as a Price

question 204

Multiple Choice

The minimum wage can be thought of as a price floor. The great majority of labor economists believe that a minimum wage __________ unemployment among young and unskilled workers.

• A) increases
• B) decreases
• C) eliminates
• D) has no effect on
• E) There is not enough information to answer the question.

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Definitions:

Codominant

In genetics, a condition where two different versions (alleles) of a gene are expressed equally in the phenotype of the organism, neither being recessive to the other.

Type O Blood

Type O blood is one of the four major blood groups, characterized by the absence of A and B antigens on the surface of red blood cells, making it a universal donor for red blood cell transfusions.

Genotype

The genetic makeup of an organism, consisting of the DNA sequences that contribute to the organism's physical and physiological traits.

Interbreeding

The mating or reproduction between individuals from different populations, breeds, or species, leading to gene flow between populations.