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A minimum wage law prohibits employers from paying workers less than a specified hourly wage. If the minimum wage is above the equilibrium wage:
Counteradvertising Order
A directive, often issued by a court or regulatory agency, requiring a business to advertise against its own previous misleading advertisements to correct public misinformation.
Substantiated
Supported with evidence or proof; verified as being true, accurate, or justified.
Equal Credit Opportunity Act
A U.S. federal law that prohibits discrimination by lenders against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.
Credit Decisions
The process by which lenders determine the creditworthiness of potential borrowers and decide whether to extend credit.
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