When the U

question 19

Short Answer

When the U.S.Department of Transportation stipulates how many hours truck drivers can be on the road per week,the department is employing a(n)__________ policy.

---

Definitions:

Minimum Wage

The lowest legal salary that employers can pay their workers, intended to protect employees from unduly low pay.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specific time period.

Quantity Demanded

The total amount of a good or service that consumers in a market are willing and able to purchase at a given price over a specified period of time.

Surplus of Labor

A situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.