The Federal Minimum Wage Was ________ an Hour in 2018

question 46

Multiple Choice

The federal minimum wage was ________ an hour in 2018.

• A)$6.50
• B)$7.25
• C)$9.10
• D)$15.00

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Definitions:

Negative Reciprocity

A mode of exchange in which the aim is to get something for as little as possible. Neither fair nor balanced, it may involve hard bargaining, manipulation, outright cheating, or theft.

Redistribution

A mode of exchange in which goods flow into a central place, where they are sorted, counted, and reallocated.

No Money

A condition or concept where monetary exchange is absent, and goods or services are often traded directly or provided without a need for currency.

Direct Exchange

A transaction where goods or services are traded directly between two parties without the use of money or an intermediary.