The Minimum Wage Is an Example of a

question 1

Multiple Choice

The minimum wage is an example of a

• A)price floor.
• B)price ceiling.
• C)market equilibrium.
• D)restriction on quantity.
• E)price elasticity.

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Definitions:

Basaltic Lava

A type of lava that is low in silica and has a fluid consistency, erupting from volcanoes at high temperatures.

Shield Volcano

A type of volcano that has broad, gently curved slopes constructed mostly of relatively fluid basaltic lava flows.

Scoria Cone

A relatively small type of volcano that is cone shaped and mostly composed of scoria; synonymous with cinder cone.

Volcanic Dome

A dome-shaped volcanic feature, largely composed of solidified lava of felsic to intermediate composition.