If the Minimum Wage Is Set Above the Equilibrium Wage

question 67

True/False

If the minimum wage is set above the equilibrium wage by the government,there is an excess supply of labor in the market.

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Definitions:

Suspect

A person thought to possibly be involved in or responsible for a particular crime or wrongdoing.

Dividend Expense

An incorrect term, as dividends are distributions of earnings to shareholders and not an expense. Instead, consider "dividend payment."

Cash Dividends

Payments made out of a corporation's earnings to its shareholders, usually in the form of cash.

Stock Investments

Investments made by purchasing shares of companies in the hope of earning dividends or selling the shares at a higher price.