Minimum-Wage Laws

question 27

Multiple Choice

Minimum-wage laws

• A)create frictional unemployment,while firms paying wages above equilibrium to reduce worker turnover creates structural unemployment.
• B)create structural unemployment,while firms paying wages above equilibrium to reduce worker turnover creates frictional unemployment.
• C)and firms paying wages above equilibrium to reduce worker turnover both create structural unemployment.
• D)and firms paying wages above equilibrium to reduce worker turnover both create frictional unemployment.

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Definitions:

Other Comprehensive Income

Revenues, expenses, gains, and losses that have not been realized and are not included in net income, affecting shareholder equity.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its share price.

Multiple-Step Income Statement

A form of income statement that contains several sections, subsections, and subtotals.

Earnings Per Share

A financial metric indicating the portion of a company's profit allocated to each outstanding share of common stock.