The Minimum Wage

question 22

Multiple Choice

The minimum wage

• A) is type of price ceiling.
• B) is a type of price floor.
• C) can create a surplus of labor.
• D) Both answers A and C are correct.

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Definitions:

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A legal document that transfers ownership of an asset from a seller to a buyer.

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A formal written request, often used in official or professional settings, to demand the provision of goods, services, or information.