When the Minimum Wage Increases

question 216

Multiple Choice

When the minimum wage increases:

• A) unemployment among skilled workers decreases.
• B) fewer workers are willing to work off the books.
• C) employment of unskilled workers increases.
• D) unemployment among unskilled workers increases.

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Definitions:

Antiassignment Clause

A provision in a contract that prohibits one party from transferring its rights and obligations under the contract to another entity without consent.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjury in contractual agreements.

Increase the Duties

The process of enhancing the responsibilities, workload, or performance expectations of a role or position.

Right to Payment

The entitlement to receive a certain amount of money, typically as a result of a contract or agreement.