The Minimum Wage Law Is an Example of a

question 11

Multiple Choice

The minimum wage law is an example of a

• A) price floor.
• B) price ceiling.
• C) law that requires quantity demanded to equal quantity supplied.
• D) law that allows individual employers and employees to make free decisions.
• E) law that sets the minimum number of hours that an employee must work for wages during the week.

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Definitions:

Variable Interval

In the context of schedules of reinforcement in behaviorism, refers to a reinforcement schedule where responses are rewarded after a variable amount of time has passed.

Praise

The act of expressing approval or commendation; an important tool in reinforcing positive behavior and achievements.

Recognition

The act of acknowledging or appreciating someone's work, achievements, or qualities.

Managers

Individuals in an organization responsible for directing and overseeing the work of others, making strategic decisions, and ensuring objectives are met.