A Binding Minimum Wage Causes the Quantity of Labor Demanded

question 214

True/False

A binding minimum wage causes the quantity of labor demanded to exceed the quantity of labor supplied.

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Definitions:

FTP

File Transfer Protocol, a standard network protocol used for the transfer of computer files between a client and server on a computer network.

Port 21

Typically used by the File Transfer Protocol (FTP) for control (command) messages, allowing the transfer of files between a client and a server over a network.

DNS Server

A server that translates human-friendly domain names into IP addresses, allowing browsers to load internet resources.

IP Address

Internet Protocol Address, a unique string of numbers and periods that identifies each computer communicating over a network.