Examlex
An explanation is empirical if it is based on ____.
Cash Payments
are transactions where the exchange of goods or services occurs via the physical exchange of currency, as opposed to credit or digital payment.
Minimum-wage Law
Rules determining the minimum legal hourly pay rate for employees by their employers.
Unskilled Labor
Workforce members who possess no specific training or skills and usually perform simple tasks.
Inelastic
Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.
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