US Department of Labor Data Show That Minimum-Wage Workers Tend

question 379

Multiple Choice

U.S. Department of Labor data show that minimum-wage workers tend to be

• A)young and less educated.
• B)young and more educated.
• C)old and less educated.
• D)old and more educated.

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Definitions:

Additional Benefits

The perks or supplementary advantages that come in addition to the primary benefits of a product, service, or policy.

Marginal Analysis

Marginal Analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Relevant Costs

Only those costs that will be affected by a decision or action and therefore should be considered in decision-making.

Activity

In economic terms, refers to actions or engagements, such as production or consumption, within an economy.