Minimum Wages Are Examples of

question 4

Multiple Choice

Minimum wages are examples of

• A) a price floor.
• B) a price ceiling.
• C) the rationing function of prices not working.
• D) government increasing the demand for certain products.

Understand the concept of a vertical line equation.

Apply slope-intercept form to write the equation of a line.

Calculate discounts and sales prices using percent calculations.

Create linear models for real-world scenarios.

---

Definitions:

Alexander Hamilton

A founding father of the United States, first Secretary of the Treasury, and influential in the creation of the national banking system and economic policy.

Anti-Federalist

Opponents of the ratification of the U.S. Constitution in the late 18th century, favoring a weaker central government and greater state autonomy.

Tariff Protection

Economic policy of imposing duties on imports to protect domestic industries from foreign competition.