A Minimum Wage Law Dictates

question 131

Multiple Choice

A minimum wage law dictates

• A)the minimum quantity of labor that a firm must employ.
• B)the lowest wage that firms may pay for labor.
• C)the highest wage that firms must pay for labor.
• D)the minimum qualifications for labor.

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Definitions:

Brainstorming

A creative group activity aimed at generating a wide range of ideas or solutions to a particular problem.

Obvious Features

Characteristics or attributes of a product, service, or situation that are readily apparent or easy to identify.

Feelings And Values

Emotions and principles that are important to an individual, guiding their behavior and decision-making processes.

Abraham Maslow

A renowned American psychologist famous for developing the hierarchy of needs concept, which is a theory that suggests psychological well-being is dependent on meeting basic human needs.