Proponents of an Increase in Minimum Wage Argue All of the Following

question 2

Multiple Choice

Proponents of an increase in minimum wage argue all of the following EXCEPT:

• A)Wages lag behind the cost of living.
• B)Young people and women are the most affected by low wages.
• C)75% of those earning minimum wage are in the service industry.
• D)Education is a strong indicator of income.
• E)The annual income of a single parent earning minimum wage is below the poverty level.

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Definitions:

Common-sized Balance Sheet

A financial statement in which each line item is expressed as a percentage of total assets, facilitating comparison across firms and time periods.

Percentage Analyses

A financial analysis technique that expresses components of financial statements as percentages of a base amount to compare financial data across periods or companies.

Ratios

Quantitative metrics calculated from financial statements to evaluate various aspects of a company's performance or financial health.

Turnovers

The rate at which inventory or assets are sold and replaced or employees leave a company and are replaced over a given period.