The Minimum Wage

question 22

Multiple Choice

The minimum wage

• A) is type of price ceiling.
• B) is a type of price floor.
• C) can create a surplus of labor.
• D) Both answers A and C are correct.

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Definitions:

Slaves

Individuals who are legally owned by others and are forced to work without pay, often without any rights or freedoms.

Tuscarora War

A conflict between the British, Dutch, and German settlers and the Tuscarora Native Americans in North Carolina during the early 18th century, leading to the defeat and relocation of the Tuscarora.

Algonquians

A group of Native American peoples sharing similar languages, originally inhabiting parts of eastern North America.

Enslaved

Describes individuals who have been forced into slavery, experiencing loss of freedom and autonomy, and subjected to control and exploitation by others.