Which Item in the Following List Might Serve as a Master

question 8

Multiple Choice

Which item in the following list might serve as a master status?

• A)occupation
• B)physical or mental disability
• C)gender
• D)All of these are correct.

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Definitions:

Minimum Wage

is the lowest legal salary that employers can pay workers, set by government law to protect workers from unduly low pay.

Price Support

Government intervention in a market to maintain the price at a certain level, usually done through the purchase of surplus stock or direct subsidies to producers.

Price Floor

A minimum price, set by law or regulation, that must be paid for a good or service; often implemented to protect producers.

Price Support

Government interventions in the market to maintain the price of a commodity at a certain level.