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A country has changed its labour laws and decreased the minimum age of working from 18 years to 16 years. What is the effect of this change on equilibrium wages?
Administrative Law
The body of law created by administrative agencies in order to carry out their duties and responsibilities.
Regulatory Environment
The system of rules and norms governing the conduct of businesses and organizations, enforced by governmental agencies.
Legal Ramifications
Consequences or legal outcomes that result from actions, especially in the context of breaking the law or in lawsuits.
Federal Agency Regulations
Rules and standards set by federal agencies that govern the practices and procedures of businesses and organizations.
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