One of the Consequences of the Minimum Wage Has Been

question 87

Multiple Choice

One of the consequences of the minimum wage has been:

• A)decreased unemployment for low-skill workers.
• B)workers offering to work off the books for less than the minimum wage.
• C)lower production costs for small businesses.
• D)increased employment for high-skill workers.

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Definitions:

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

European Countries

Nations located on the continent of Europe, known for diverse cultures, languages, and economies.

Deadweight Loss

The decrease in economic effectiveness when a product or service fails to achieve or cannot attain its balance point.

Cheesecake

A sweet dessert consisting of one or more layers, primarily a thick layer of cream cheese and egg mixture set atop a base made from crushed cookies, crackers, or sponge cake.