Which of the Following Supports the Contention That the Differences

question 200

Multiple Choice

Which of the following supports the contention that the differences in the minimum wage can explain differences in unemployment rates among young people across countries?

• A)The minimum wage as a percentage of the average wage is lower in the United States than in France.
• B)The minimum wage as a percentage of the average wage is lower in France than it is in the United States.
• C)The minimum wage as a percentage of the average wage is lower in the United States than in Spain.
• D)The minimum wage as a percentage of the average wage is lower in Spain than it is in the United States.
• E)The minimum wage as a percentage of the average wage is lower in Spain than it is in the United States or France.

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Definitions:

Outlay

The amount of money spent on a particular expense or investment.

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Cash Inflows

Money or other forms of financial assets that come into a company, contributing to its total revenue.

Outlay

The total amount of money spent on a particular project or purchase.