A Disadvantage Associated with a Minimum Wage Law to Reduce

question 123

Multiple Choice

A disadvantage associated with a minimum wage law to reduce poverty is that it

• A)encourages illegitimate births because single women with children receive higher payments.
• B)rewards laziness because it provides payments to those with low incomes regardless of their work effort.
• C)focuses on children and the disabled while neglecting the working poor.
• D)may benefit the teenage children of families who are not poor.

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Definitions:

Lease Term

A fixed period during which a lessee has the right to occupy or use a leased asset.

Financial Lease

A type of lease where the lessee has use of an asset through its useful life, often with ownership transferring at the end.

Fully Amortized

Refers to a loan where the principal and interest are paid off completely over the loan term.

Lessor's Cost

The expenses incurred by a lessor (the property owner) when leasing out an asset, including maintenance, taxes, and any other costs related to the asset's upkeep.