A Minimum Wage Set Above the Equilibrium Wage Will ________

question 230

Multiple Choice

A minimum wage set above the equilibrium wage will ________ the quantity of labor demanded and ________ the quantity of labor supplied.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease
• E) not change; not change

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Definitions:

Training Administration

This refers to the management and organization of training programs, including planning, executing, and evaluating those programs to ensure they meet organizational goals and learner needs.

Canadian Human Rights Act

The Canadian Human Rights Act is a statute passed by the Parliament of Canada in 1977, which prohibits discrimination in employment and services within federal jurisdiction.

Human Rights Issues

Concerns and violations related to the basic rights and freedoms that belong to every person in the world, from birth until death.

Cost Per Trainee

The expense incurred by an organization for training a single participant, inclusive of all related costs.