In the US ,Any Project Requiring a Federal Permit or License,or Using

question 30

Multiple Choice

In the U.S. ,any project requiring a federal permit or license,or using federal funds,by law must be preceded by a/an _______________.

• A)needs assessment
• B)archaeological assessment
• C)cultural impact assessment
• D)assessment of feasibility
• E)social impact statement

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Definitions:

Minimum Wage Law

Legislation that sets the lowest hourly wage rate that employers can legally pay their workers.

Price

The amount of money expected, required, or given in payment for something. It serves as a signal between buyers and sellers in a market.

Labor

The human effort, both physical and mental, used in the production of goods and services.

Substitution Effect

The change in quantity demanded of a good or service as consumers switch to or from substitutes when the price changes.