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Which theory says that public policy is a product of whatever the majority of citizens prefer?
Elasticity of Labor Demand
A measure of how sensitive the quantity of labor demanded by employers is to a change in the wage rate.
Minimum-Wage Laws
Legislation that sets the lowest hourly wage that employers can legally pay their workers, intended to protect workers from exploitation.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate, in a certain period.
Supplemental Nutrition
Programs or interventions designed to provide additional nutritional support, especially to vulnerable groups such as children, the elderly, or low-income families.
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