PT155.S2.Q24

PrepTest 155 - Section 2 - Question 24

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Economist: The increase in the minimum wage in Country X will quickly lead to a decrease in Country X's rate of unemployment. ███████ ███ ███████ ████ ████ ████ ██ ████ ██████████ ██████ ███ █ █████ ███████ ██ ███ ███████ ███████████ ████ ██ ████ █████████ ██████ ████ ██ █████ ██ ████████ ██████ ██████ ████ ████████ ██ ██████ ███ ████████ █████ ████ ████ ██ ██ ████████ ██ ███ ██████ ██ ███████ ████ █████████ ██ ████ ███████████

Summarize Argument: Phenomenon-Hypothesis

An Economist argues that increasing the minimum wage in Country X will quickly lead to a decrease in the country’s unemployment rate. This is because raising the minimum wage will increase people’s disposable income, which people will spend on consumer goods. This increase in demand will then lead to an increase in factory jobs to meet the demand for new goods.

Notable Assumptions

The Economist assumes that the number of jobs created by increasing demand will outpace the number of jobs lost by raising the minimum wage and that the cost of goods will not increase due to increasing the minimum wage.

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24.

Each of the following, if █████ █████ ██████ ███ ███████████ ████████ ██████

a

The cost of █ ████████████ ████████ ██ ███████ █ ████ ██ ██████ ██ ██ █████████ ██ ███ ████ ██ █████████████ ██████ ██████ ███ ████████ ██████

b

Most of the ████████ █████ ████ ██ ███████ █ ███ ████████ ███████ ███ ████████

c

In many factories ██ ███████ ██ ████ ███████ ███ ████ ████ ████ ████ ███ ███████ ███████ █████

d

The cost to █████████ ██ ██ ████████ ██ ███ ███████ ████ ██ ███████ █ ████ ██ ████ ██ ██ ██████████ ██ ███ ██████████

e

Most factories that ███████ ████████ █████ ██ ███████ █ ████ █████ █████████ ██ █████ ██ █ ██████ ██ █████ ██ ███████████████

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