Which of the Following Is Not Correct? in a 2006

question 90

Multiple Choice

Which of the following is not correct? In a 2006 survey of Ph.D.economists,

• A)47 percent favored eliminating the minimum wage.
• B)14 percent would maintain the minimum wage at its current level.
• C)38 percent would increase the minimum wage.
• D)10 percent would decrease the minimum wage.

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Definitions:

Accepted Check

An accepted check is a check that the drawee bank has certified as good for payment, ensuring the availability of funds when presented.

Output Contract

An agreement in which a seller agrees to sell and a buyer agrees to buy all the output that a producer produces, without specifying exact quantities.

Manufacturers

Entities involved in the process of converting raw materials into finished products through various means, including physical, labor-intensive, or mechanical processes.

Distributors

Entities that buy products directly from manufacturers and sell them to retailers or end consumers, acting as intermediaries in the supply chain.