If a Minimum Wage Is Introduced That Is Above the Equilibrium

question 218

Multiple Choice

If a minimum wage is introduced that is above the equilibrium wage rate,

• A) the quantity of labor demanded increases.
• B) job search activity increases.
• C) the supply of labor increases and the supply of labor curve shifts rightward.
• D) unemployment decreases because more workers accept jobs at the higher minimum wage rate.
• E) the quantity of labor supplied decreases because of the increase in unemployment.

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Definitions:

Proxemics

The examination of how humans utilize space and how behavior, communication, and social interactions are influenced by the concentration of people in an area.

Social Space

The conceptual area or environment in which social interactions and relationships occur.

Telecommunication

The exchange of information over significant distances by electronic means, encompassing the internet, phone calls, and other forms of digital communication.

Language Systems

The structured set of symbolic vocal or gestural signs used by humans to communicate thoughts, emotions, and information.