Which of the Following Individuals Lose as a Result of an Effective

question 68

Multiple Choice

Which of the following individuals lose as a result of an effective minimum wage law?

• A)Those who remain employed after the minimum wage is instituted
• B)Teenagers who lose their jobs and valuable on-the-job training
• C)Skilled workers who earn wages above the minimum wage
• D)All of the above
• E)None of the above

---

Definitions:

Annual Percentage Rates (APRs)

A measure of the cost of credit, expressed as a yearly interest rate, that includes interest, fees, and other charges associated with the loan.

Compound Interest

Interest calculated on the initial principal which also includes all of the accumulated interest from previous periods on a deposit or loan.

Simple Interest

Interest calculated on the principal portion of a loan or deposit, without compounding over time.

Holding-Period Return

The overall return earned from owning an asset or a collection of assets over a specified duration, often represented as a percentage.