PrepTest 34, Section 2, Question 13
Essayist: One of the claims of laissez-faire economics is that increasing the minimum wage reduces the total number of minimum-wage jobs available. In a recent study, however, it was found that after an increase in the minimum wage, fast-food restaurants kept on roughly the same number of minimum-wage employees as before the increase. Therefore, laissez-faire economics is not entirely accurate.
Essayist: One of the claims of laissez-faire economics is that increasing the minimum wage reduces the total number of minimum-wage jobs available. In a recent study, however, it was found that after an increase in the minimum wage, fast-food restaurants kept on roughly the same number of minimum-wage employees as before the increase. Therefore, laissez-faire economics is not entirely accurate.
Essayist: One of the claims of laissez-faire economics is that increasing the minimum wage reduces the total number of minimum-wage jobs available. In a recent study, however, it was found that after an increase in the minimum wage, fast-food restaurants kept on roughly the same number of minimum-wage employees as before the increase. Therefore, laissez-faire economics is not entirely accurate.
Essayist: One of the claims of laissez-faire economics is that increasing the minimum wage reduces the total number of minimum-wage jobs available. In a recent study, however, it was found that after an increase in the minimum wage, fast-food restaurants kept on roughly the same number of minimum-wage employees as before the increase. Therefore, laissez-faire economics is not entirely accurate.
The essayist's argument depends on assuming which one of the following?
If laissez-faire economics makes an incorrect prediction about the minimum wage, then all the doctrines of laissez-faire economics are inaccurate.
Minimum-wage job availability at fast-food restaurants included in the study was representative of minimum-wage job availability in general.
No study has ever found that a business has decreased the number of its minimum-wage employees after an increase in the minimum wage.
The fast-food restaurants included in the study did not increase the average wage paid to employees.
The national unemployment rate did not increase following the increase in the minimum wage.
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