Real-Wage Unemployment Can Be Caused by Which of the Following

question 9

Multiple Choice

Real-wage unemployment can be caused by which of the following?

• A) Minimum wage laws
• B) Retraining programs
• C) Low-interest student loans
• D) None of these cause real-wage unemployment.

Analyze the implications of large-scale production and commercial activities on societies and the environment.

Understand the historical development and characteristics of money.

Distinguish between formal and informal economies.

Comprehend the concepts of leveling mechanisms, and their role in maintaining social balance.

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Definitions:

FICA-Medicare

The portion of the Federal Insurance Contributions Act (FICA) tax that is dedicated to Medicare, funding hospital insurance for individuals under the Medicare program.

FUTA Payable

The amount owed by an employer for the Federal Unemployment Tax Act to fund state workforce agencies and unemployment compensation for workers who have lost their jobs.

Journal Entry

A record in the accounting journal that represents a financial transaction and includes details such as date, amounts, accounts impacted.

Debit

A debit is an accounting entry that increases an asset or expense account or decreases a liability or equity account.