A minimum wage is:
A) the lowest wage that a firm is legally allowed to pay its workers.
B) the highest wage that a firm is legally obligated to pay its non-skilled labor.
C) the wage every high school dropout will earn if they are employed.
D) None of these is correct.
Correct Answer:
Verified
Q82: Wages tend to be "sticky" because:
A) contracts
Q85: When growth goes down,unemployment tends to go:
A)up
Q86: An economic slow-down predicts the new equilibrium
Q88: The degree of wage stickiness in the
Q88: When economists say wages are "sticky," they
Q90: In the United States,the federal minimum wage
Q91: Cyclical unemployment:
A)is unemployment caused by short-term economic
Q92: The degree of wage stickiness in the
Q94: An economic slow-down would cause the:
A)labor demand
Q95: We don't typically see wages _ in
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