The Concept of Surplus Can

question 114

Multiple Choice

The concept of surplus can:

• A) show the benefits of introducing new markets.
• B) show who benefits from a tax.
• C) show who loses from minimum wage.
• D) show any of these.

---

Definitions:

U.S. Employment Laws

Laws and regulations in the United States that govern workplace conditions, employee rights, and employer responsibilities.

Inbreeding

The practice of breeding from closely related individuals, especially within a narrow gene pool, which can lead to a lack of genetic diversity.

Employee Referral

A recruitment method where existing employees recommend potential candidates for open positions within their organization.

External Job Recruitment

The process of filling job vacancies within an organization by hiring individuals from outside the organization.