A Minimum Wage Law (That Sets the Minimum Wage Above

question 10

Multiple Choice

A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to

• A) clear the market for unskilled workers.
• B) increase employment for unskilled workers.
• C) increase the number of firms in those industries where the law is effective.
• D) reduce the hours worked for some unskilled workers.
• E) all of the above

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Definitions:

Aymara

An indigenous people of the Andes and Altiplano regions of South America, primarily in Bolivia, Peru, and Chile.

Illiterate Adults

Individuals above a certain age who lack the ability to read and write.

Selective Borrowing

The process by which cultures adopt and incorporate specific aspects of other cultures while rejecting others, often shaping their own unique identity.

Linguistic Change

The evolution and modification of languages over time, including changes in vocabulary, syntax, phonetics, and semantics.