How Can an Increase in the Minimum-Wage Affect the Restaurant

question 152

Multiple Choice

How can an increase in the minimum-wage affect the restaurant industry?

• A) It can create a shortage of restaurant workers.
• B) It can lead to an increase in prices for restaurant meals.
• C) It can create a surplus of restaurant workers.
• D) Both B and C are correct.

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Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders but has not retired, often used for reissuing or as a strategic financial move.

Mortgage Notes

Legal documents representing a promise to pay a specific amount of money, secured by a mortgage on property.

Investment Contract

In securities law, a type of security encompassing any contract by which an investor invests in a common enterprise with an expectation of profits solely from the efforts of persons other than the investor.

Section 5

A reference that needs context for accurate definition, often related to specific laws or regulations depending on the document it is cited in.