A Minimum Wage Is The

question 30

Multiple Choice

A minimum wage is the:

• A) lowest wage that a firm is legally allowed to pay its workers.
• B) highest wage that a firm is legally obligated to pay its non-skilled labor.
• C) wage every high school dropout will earn if they are employed.
• D) prevailing wage for low-income workers in a nation.

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Definitions:

Depreciation Rate

The depreciation rate is the percentage rate at which an asset is depreciated across its useful life, determining how much of its value is expensed each year.