An Effective Minimum Wage Creates a Surplus of Labor and Increases

question 40

True/False

An effective minimum wage creates a surplus of labor and increases the level of unemployment.

---

Definitions:

Personal Risk

refers to the uncertainties facing individuals that may threaten their health, safety, or financial security.

Indefinitely

An undefined period of time, with no set end date or limitation.

Assets

Economic resources held by an enterprise, capable of delivering future gains.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered or used but not yet paid for.