Which of the Following Is Not a Consequence of Minimum

question 145

Multiple Choice

Which of the following is not a consequence of minimum wage laws?

• A) Low-skilled workers are hurt because a minimum wage reduces the number of jobs providing low-skilled workers with training.
• B) Employers will be reluctant to offer low-skilled workers jobs with training.
• C) Producers have an incentive to offer workers non-wage benefits such as health care benefits and convenient working hours rather than a higher wage.
• D) Some workers benefit when the minimum wage is increased.

---

Definitions:

Negative Cash Balance

A scenario where a company's cash account has a deficit, indicating that it has issued checks in excess of its actual cash available.

Statement of Financial Position

A financial report that provides a snapshot of an entity’s assets, liabilities, and equity at a specific point in time; also known as a balance sheet.

Non-current Debt

Long-term financial obligations or debts that are not due for payment within one year.

Financial Statements

Summarized records of a company's financial activities, presenting its financial position, performance, and cash flows over a certain period.