Because Workers in the United States Work Fewer Hours Per

question 47

Multiple Choice

Because workers in the United States work fewer hours per week,on average,than they did over 100 years ago

• A)workers in the United States are worse off than they were over 100 years ago.
• B)workers in the United States earn less income than they did over 100 years ago.
• C)GDP is lower than it would be if U.S.workers worked the same workweek they had 100 years ago.
• D)GDP is higher than it would be if U.S.workers worked the same workweek they had 100 years ago.

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Definitions:

Binding Minimum Wage

A government-set wage floor that is above the equilibrium level, leading to potential surpluses in the labor market, such as unemployment.

Teenage Labor

Employment involving individuals typically aged between 13 and 19 years, often regulated by labor laws concerning working hours, types of work, and working conditions to protect younger workers.

Minimum Wage

The lowest legal hourly pay that employers can offer to workers, set by governmental law or policy.

Minimum-Wage Laws

Legislation that sets the lowest hourly rate that can be paid to workers, aiming to protect workers from unduly low pay.