The town of Fairness has a law stating that wages should be high enough to ensure that all people can afford to buy enough food for their families.The law that sets wages would be an example of a
A) minimum wage law.
B) fair wage law.
C) price ceiling.
D) black market price.
E) ration price.

Question

Quizplus · Accepted Answer

This law is an example of a minimum wage law because it sets the lowest amount that can be paid to workers, ensuring they can afford basic necessities like food.

The Town of Fairness Has a Law Stating That Wages