When the Minimum Wage Is Raised,the ________ Union Labor ________

question 210

Multiple Choice

When the minimum wage is raised,the ________ union labor ________.

• A) demand for; increases
• B) demand for; decreases
• C) supply of; increases
• D) supply of; decreases
• E) demand for; does not change

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Definitions:

Complete Control

The authority or power to fully manage or govern all aspects of an entity, situation, or mechanism without any external interference.

Trade Surplus

Occurs when a country has a higher level of exports than imports.

Imports

Goods or services brought into one country from another for sale or use.

Exports

Goods or services produced in one country and sold to buyers in other countries, contributing to a nation's economy and corporate revenue.