A Disadvantage Associated with a Minimum Wage Law to Reduce

question 123

Multiple Choice

A disadvantage associated with a minimum wage law to reduce poverty is that it

• A)encourages illegitimate births because single women with children receive higher payments.
• B)rewards laziness because it provides payments to those with low incomes regardless of their work effort.
• C)focuses on children and the disabled while neglecting the working poor.
• D)may benefit the teenage children of families who are not poor.

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Definitions:

Publicly Accountable Enterprises

Businesses that have accountability to a broad group of stakeholders, including shareholders and the public, typically required to follow specific accounting standards.

Debt Issuer

An entity, like a corporation or government, that issues debt instruments such as bonds to raise capital by borrowing from investors.

Banks

Financial institutions licensed to receive deposits and make loans, offer various other financial services.

PSAB

Public Sector Accounting Board, overseeing the creation and implementation of accounting standards for public sector entities in Canada.