Some Feel That Raising the Minimum Wage in Order to Help

question 43

Multiple Choice

Some feel that raising the minimum wage in order to help the working poor is undesirable because:

• A) it is target inefficient.
• B) it is target efficient.
• C) it will increase employment among the working poor.
• D) employment in high-wage industries will be adversely affected.

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Definitions:

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Liquidation

The process of winding up a company's financial affairs by selling off its assets to pay off creditors, after which the company ceases to exist.

Jointly And Severally

A legal term indicating that parties in an obligation or liability are responsible both together as a group and individually.

Contract Obligations

Duties imposed by a contract that parties must perform; failure to do so can result in legal action.