A Minimum Wage That Is Less Than the Prevailing Market

question 127

Multiple Choice

A minimum wage that is less than the prevailing market wage will

• A) have no effect on the market.
• B) increase unemployment.
• C) increases wages.
• D) reduce wages.

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Definitions:

Deposit Record

A record of a financial deposit that is given by the bank to the customer at the time of the deposit.

Endorsement

A formal declaration of support or approval.

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A device used in electronic transaction systems to input a personal identification number or other secure data.

Credit Card Terminal

An electronic device used by merchants to process payments from credit and debit cards.