Minimum Wage Laws

question 7

Multiple Choice

Minimum wage laws

• A)may encourage some teenagers to drop out and take jobs.
• B)create labor shortages.
• C)have the greatest impact in the market for skilled labor.
• D)All of the above are correct.

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Social Security Trust Fund

A U.S. government fund that holds the surplus contributions collected from Social Security payroll taxes, used to pay out benefits.

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The total assets of an individual or entity minus all its liabilities.

Retirement System

A structured program, often government-sponsored or managed by private entities, designed to provide financial support to individuals during their retirement years.