Democrats Argue That Labor Demand Is ________,So ________ Jobs Will

question 13

Multiple Choice

Democrats argue that labor demand is ________,so ________ jobs will be lost when the minimum wage is raised.

• A)inelastic;few
• B)inelastic;many
• C)elastic;few
• D)elastic;many

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Definitions:

American Overseas Investments

Financial investments made by individuals or entities based in the United States in business interests or assets in other countries.

Adverse Balance

A situation where a country's imports exceed its exports, leading to a negative balance of trade.

Foreign Trade

The exchange of goods, services, and capital between countries, crossing national borders.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, leading to widespread unemployment and poverty.