When a Minimum-Wage Law Forces the Wage to Remain Above

question 270

Multiple Choice

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a

• A)shortage of labor and a shortage of jobs.
• B)shortage of labor and a surplus of jobs.
• C)surplus of labor and a shortage of jobs.
• D)surplus of labor and a surplus of jobs.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, reflecting the earnings of the company distributed among its shareholders.

Dividend Yield

This ratio in finance shows the comparison between a company's annual dividend payout and its stock price.

Dividend Income

Earnings received from owning shares of a company that pays dividends.

Shares

Shares represent portions of equity in a company or an investment, entitling holders to a proportional share of any distributed profits, known as dividends, when they are announced.