The Minimum Wage

question 87

Multiple Choice

The minimum wage

• A)is an example of a government-created barrier to entry
• B)was designed as a way to increase employment of low-skilled workers
• C)is an attempt to raise the incomes of low-income workers
• D)is an example of a price ceiling
• E)is an example of a derived demand

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Definitions:

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A unit of length in the metric system equal to one millionth of a meter, also known as a micrometer.

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