A Binding Minimum Wage Raises the Incomes of Some Workers

question 40

True/False

A binding minimum wage raises the incomes of some workers, but it lowers the incomes of workers who cannot find jobs.

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Definitions:

Soviet Union

A socialist state that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR), comprising Russia and several other republics.

Consumer Culture

A societal framework in which buying and using goods and services is promoted as a primary social and economic activity.

Great Depression

Worst economic depression in American history; it was spurred by the stock market crash of 1929 and lasted until World War II.

Segregation

A policy or practice of separating people based on race or ethnicity, often resulting in inequality and discrimination.