Which of the Following Is True of Minimum-Wage Laws

question 302

Multiple Choice

Which of the following is true of minimum-wage laws?

• A)They affect skilled workers' wages.
• B)They create above-equilibrium wages for some unskilled workers.
• C)They create a shortage of unskilled labor.
• D)They negatively affect the employment of skilled workers.

---

Definitions:

Humanistic Approach

A psychological perspective emphasizing individual potential for growth and the role of unique perceptions in guiding behavior and mental processes.

Self-Understanding

The individual's cognitive and affective perception of oneself, encompassing self-knowledge about one's attributes, roles, and goals.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors and attitudes.

Social Cognitive Approach

A theoretical framework that emphasizes the role of observational learning, self-efficacy, and cognitive processes in behavior.