If the Minimum Wage Is Set Above the Equilibrium Wage,after

question 113

Multiple Choice

If the minimum wage is set above the equilibrium wage,after taking into account the resources lost in job search,the firms' surplus ________ and the workers' surplus ________.

• A) increases; increases
• B) increases; decreases.
• C) decreases; increases
• D) decreases; decreases
• E) does not change; decreases

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Definitions:

Learning Consequences

Outcomes or changes in behavior that result from experiences or actions, playing a critical role in the process of learning through reinforcement or punishment.

Biofeedback Training

A method that teaches individuals to improve their health by controlling certain bodily processes that normally happen involuntarily.

Systematic Desensitization

A therapeutic method used to reduce fear or anxiety by gradually exposing the patient to the feared object or situation in a controlled manner.

Counterconditioning

A behavior therapy technique where a positive response is conditioned to replace a negative or unwanted response to a stimulus.