Which of the Following Is a Source of Economic Risk

question 88

Multiple Choice

Which of the following is a source of economic risk in many countries?

• A) good intellectual property law
• B) counterfeiting
• C) good enforcement of property rights
• D) political unrest

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Definitions:

Minimum-Wage Laws

Legislation that sets the lowest hourly wage rate that employers can legally pay their employees.

Minimum Wage

The lowest legal salary that employers can pay workers, set by government law or policy.

Labor Supplied

The total hours that workers are willing to work at a given wage rate, representing the workforce availability in the economy.

Labor Demanded

The total amount of workers that employers in the economy want to hire at a given wage level and time period.