Why Do Some Workers Lose Their Job When the Minimum

question 36

Multiple Choice

Why do some workers lose their job when the minimum wage is increased?

• A) The increase in labor costs decreases the supply of the product, thereby raising the price of the good so that the equilibrium quantity decreases to zero.
• B) The increase in the minimum wage decreases the quantity of labor demanded.
• C) The demand for labor is perfectly inelastic.
• D) The supply of labor decreases.
• E) The demand for labor is perfectly elastic.

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Definitions:

Virtual Reality Exposure Therapy

Virtual reality exposure therapy is a treatment technique using realistic simulations in VR to expose patients to the sources of their phobias or anxiety in a controlled manner to help them overcome their fears.

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Actions or conduct deemed inappropriate, undesirable, or unacceptable by societal or individual standards.

Aversive Conditioning

A type of behavioral learning in which an unpleasant or harmful stimulus is associated with a particular behavior to decrease the likelihood of that behavior occurring.

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A technique for reducing stress and anxiety by tensing and then relaxing each muscle group in the body sequentially.