The Minimum Wage Law Is an Example of a

question 11

Multiple Choice

The minimum wage law is an example of a

• A) price floor.
• B) price ceiling.
• C) law that requires quantity demanded to equal quantity supplied.
• D) law that allows individual employers and employees to make free decisions.
• E) law that sets the minimum number of hours that an employee must work for wages during the week.

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Definitions:

Distributive Justice

A principle concerned with the fair allocation of resources and benefits among members of a society or an organization.

Performance

The level of achievement or output that an employee demonstrates in their job duties over a certain period.

Bias

A predisposition or prejudice towards or against something or someone, often in a way considered to be unfair.

Affective

Relating to moods, feelings, and attitudes; often used in psychology to describe emotional states.