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Suppose that the correlation coefficient between X1 and X2 is equal to -1. This means that
Minimum Wage
The lowest legal amount that an employer can pay their workers, established by law or contract to ensure a minimum standard of living for employees.
Unskilled Workers
are laborers who lack specialized training or qualifications, often performing manual or routine tasks.
Employment
The condition of having paid work; the relationship between an employer and an individual who is compensated for performing specified tasks or services.
Government Subsidy
Financial assistance provided by the government to individuals, organizations, or industries to support certain activities or reduce costs.
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