A Minimum Wage Policy Is an Example of a ________

question 64

Multiple Choice

A minimum wage policy is an example of a ________.

• A) price ceiling
• B) price floor
• C) positive externality
• D) negative externality

---

Definitions:

Success Measured

The process of evaluating the effectiveness or outcomes of a project, program, or individual efforts, often through specific indicators or benchmarks.

Oral Contract

An agreement between parties spoken aloud, not written, that is legally binding.

Written Record

Documentation that captures details, events, or decisions in a permanent and retrievable form.

Delegating Responsibility

The process of assigning tasks and authority to others to ensure effective and efficient completion of tasks.