Economists Who Have Studied Minimum-Wage Laws in the United States

question 52

Multiple Choice

Economists who have studied minimum-wage laws in the United States find that a 10 percent increase in the minimum wage increases teenage unemployment by about:

• A) 10 to 30 percent.
• B) 5 percent.
• C) 1 to 3 percent.
• D) 0 percent.

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Definitions:

UETA

The Uniform Electronic Transactions Act is a law adopted by most U.S. states that establishes the legal validity of electronic signatures and records.

Article 3

Refers to a segment or section within a larger document, such as a constitution or statute, that addresses a specific topic.

UCC

The Uniform Commercial Code is an extensive collection of regulations that oversee every commercial transaction across the United States.

Electronic Negotiable Instruments

Financial instruments that are signed electronically and promise to pay a certain sum of money to the bearer or assigned party.