In States That Require a Minimum Wage That Is Higher

question 33

True/False

In states that require a minimum wage that is higher than the federal minimum wage, employers must pay the higher wage.

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Definitions:

Appreciation

An increase in the value of an asset, currency, or other financial instrument over time.

Financial and Real Assets

Financial assets refer to assets like stocks and bonds, while real assets refer to physical assets such as land, buildings, and machinery.

Shift Right

In economics, a term used to describe the movement of a supply or demand curve to the right, indicating an increase in supply or demand.