Which of the Following Statements Is True of Minimum Wages

question 146

Multiple Choice

Which of the following statements is true of minimum wages?

• A) Minimum wages benefit firms and producers.
• B) Minimum wages are sometimes referred to as wage ceilings.
• C) No state in the United States has ever enforced a minimum wage.
• D) Minimum wages are normally set above the labor market-clearing wage rate.

---

Definitions:

Primary

Referring to the first or most significant stage, condition, or rank.

Secondary

Pertaining to the second level or stage in a sequence or process, often implying a subordinate or lesser importance than the primary.

Tertiary

Referring to the third level or stage of something, often used in education (tertiary education) or in structures and processes.

Psychotropic Medication

Any medication capable of affecting the mind, emotions, and behavior, typically used in the treatment of mental health disorders.