The Unemployment Caused by Minimum Wage Would Be Larger If

question 65

Multiple Choice

The unemployment caused by minimum wage would be larger if

• A) both labor demand and labor supply are more elastic.
• B) both labor demand and labor supply are more inelastic.
• C) minimum wage is set equal to the equilibrium wage rate.
• D) minimum wage is set below the equilibrium wage rate.
• E) both labor demand and labor supply are perfectly inelastic.

---

Definitions:

Enzymes

Biological catalysts that speed up the rate of chemical reactions in the body without being consumed or permanently altered.

Electric Spark

A sudden discharge of electricity through the air, producing a bright flash of light and often accompanied by a sharp crackling sound, typically occurring when a high voltage is applied across a gap in a circuit.

Miller-Urey Experiment

A landmark experiment conducted in 1953 that simulated the conditions thought to exist on early Earth, demonstrating that organic compounds could be formed from inorganic compounds.

Lightning

A sudden electrostatic discharge during a thunderstorm between electrically charged regions of a cloud or between a cloud and the ground.