What Would Be Associated with the Type of Unemployment Created

question 188

Multiple Choice

What would be associated with the type of unemployment created by the minimum-wage law?

• A) Cam quits his job in a grocery store because he would rather work in landscaping.
• B) Wayne decides to close his Thai restaurant because he cannot afford to pay workers the going wage.
• C) In hopes of earning a higher income, Lucas goes back to school to become an electrician.
• D) Nicole pays the workers for her auto mechanics business more than the equilibrium wage because she believes it will make them work harder.

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Definitions:

Electronic Funds Transfers

A system that allows the transfer of money between accounts via electronic signals, removing the need for physical exchanges.

Cash Disbursements

Outflows of cash for expenses, or payments made by a business during a specific period, such as paying suppliers, employees, or other expenditures.

Financial Statements

Consolidated documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.