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If the minimum wage is currently above the equilibrium wage,then a decrease in the minimum wage
Exporting
The process of selling and shipping goods or services from one country to another.
Wealth Gap
The uneven distribution of assets among residents of a particular country or the world, leading to significant disparities in wealth and economic status.
Misallocating
The improper or inefficient distribution or use of resources, often leading to suboptimal outcomes.
Multinational Corporations
Large companies that operate, produce, or sell goods and services in multiple countries beyond their home country.
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