An Effective Minimum Wage

question 189

Multiple Choice

An effective minimum wage

• A) imposes a price ceiling on the wages of various categories of low-skill workers.
• B) increases the demand for low-skill workers.
• C) makes it easier for low skill workers to find jobs.
• D) increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

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Legal agreements that outline the terms and conditions under which goods or services are sold from a seller to a buyer.

Intellectual Property

Intangible property that is the product of one’s mind and not one’s hands.

Corporate Stocks

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Property consisting of land and the buildings on it, along with its natural resources.