Ben Is Willing to Work for $4/hour and an Employer

question 208

Multiple Choice

Ben is willing to work for $4/hour and an employer is willing to hire Ben for $7/hour. Which statements is TRUE?

• A) A minimum wage of $7.50/hour would prevent this mutually beneficial exchange.
• B) Minimum wages do not prevent mutually beneficial exchanges.
• C) A minimum wage of $4.50/hour would prevent this mutually beneficial exchange.
• D) A minimum wage of $3.50/hour would prevent this mutually beneficial exchange.

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Definitions:

Civil Injuries

Acts that cause harm or damage to another person in private matters, leading to civil litigation.

Respondeat Superior

A legal doctrine that holds employers legally responsible for the actions of their employees performed in the course of employment.

Strict Liability

A legal principle where a party is held responsible for damages or loss, regardless of fault or intent, based solely on their involvement in the activity.

Daubert V.Merrell Dow

A landmark United States Supreme Court case that determined the standard for admitting expert testimony in federal courts.