Some Economists Argue That the Minimum Wage

question 121

Multiple Choice

Some economists argue that the minimum wage:

• A) drives some labor to occur "under the table."
• B) causes some employers to hire undocumented migrants driving up wages overall.
• C) leads some employers to pay workers cash and then report these payments to the government.
• D) All of these are true.

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Definitions:

Price System

The economic mechanism that uses prices derived from supply and demand interactions to allocate resources, distribute goods, and manage production.

Means of Production

The resources and infrastructure used to produce and distribute goods and services, including land, labor, capital, and technology.

Nazi Germany

The period in German history from 1933 to 1945 when the country was ruled by Adolf Hitler and the National Socialist German Workers' Party.

Nationalistic

Related to advocating for or demonstrating strong support and pride in one's country, often at the expense of disregarding international considerations.