The Minimum Wage Would Have No Impact If It Is

question 2

Multiple Choice

The minimum wage would have no impact if it is set _____________ market equilibrium.

• A)above
• B)below
• C)equal to
• D)inversely to

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Definitions:

Income

Money received on a regular basis from work, investments, business, etc., used to fund a person’s living expenses.

Video Tapes

An outdated magnetic tape storage format for recording analog audio and analog video signals, typically used for consumer video recording.

Garbage

Waste material that is discarded by humans, typically due to its inability to be used again or lack of perceived value.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, often used as inputs in the production of other goods or services.