Minimum-Wage Laws Can Keep Wages

question 24

Multiple Choice

Minimum-wage laws can keep wages

• A)above equilibrium and cause a surplus of labor.
• B)above equilibrium and cause a shortage of labor.
• C)below equilibrium and cause a surplus of labor.
• D)below equilibrium and cause a shortage of labor.

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Definitions:

Food Company

An enterprise that produces, processes, or distributes food products for consumer consumption, ranging from agricultural production to packaged goods.

Eating Food

The act of consuming edible substances to provide nutritional support for the body.

Sexual Equity

Parity among heterosexual, gay, lesbian, bisexual, and transgender employees.

Top-Level Management

Senior executives responsible for the overall direction and success of an organization, including positions like CEO and CFO.