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Give Meanings for the Following Suffixes

question 191

Short Answer

Give meanings for the following suffixes.
--trophy: __________


Definitions:

Base Year

The year with which other years are compared when an index is constructed: for example, a price index.

Minimum Wage

The lowest legal hourly pay for employees, set by government law.

Unskilled Workers

Workers who possess no special skills or training and typically perform simple tasks that require minimal prior experience.

Backward-Bending

Describes a labor supply curve reflecting a situation where higher wages lead to a decrease in labor supplied because individuals opt for leisure over work.

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