The Cost of the Mandated Minimum Wage Is Most Likely

question 13

Multiple Choice

The cost of the mandated minimum wage is most likely to be borne by the:

• A)high income taxpayers who must pay the taxes to finance the program.
• B)consumers who purchase the goods produced by unskilled workers.
• C)businesses whose profits will fall due to the higher wage rates.
• D)government which pays the difference between the equilibrium and the minimum wage.

---

Definitions:

Tethered

Being closely bound or connected to something, often indicating a reliance on or attachment to devices, concepts, or places.

Organizational Site

A specific physical or virtual location where organizational activities are conducted or centralized.

Crackberries

A slang term once popularly used to describe BlackBerry smartphones, reflecting their addictive nature and constant use by their owners.

Digital Devices

Electronic tools that can store, process, or transmit information digitally.