Is the Minimum Wage Fair

question 71

Multiple Choice

Is the minimum wage fair?

• A) Yes, because all workers benefit because they are paid more.
• B) No, because it enhances the prospects of voluntary exchange.
• C) No, because workers who lose their jobs are made worse off.
• D) Yes, because firms must pay a wage closer to a living wage.
• E) Yes, because workers need the extra income.

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Definitions:

Fovea Centralis

A small depression in the retina of the eye where visual acuity is highest, containing a high density of cone cells for color vision.

Posterior Retina

The innermost, light-sensitive part of the eye located at the back, responsible for processing visual information.

Visual Acuity

The sharpness or clarity of vision, usually measured by the ability to discern letters or numbers at a standardized distance according to a fixed standard.

Optic Foramen

An opening in the skull through which the optic nerve passes from the eye to the brain.