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humphriesbr@me.com

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Question 1

In the summer of 2009, the United States federal minimum wage was raised to $7.25. According to theory, what will likely be the result of the increase?


◦ Some workers will leave the labor market.
◦ Firms will hire more workers.
◦ All workers prior to the wage increase will now earn at least $7.25 per hour.
◦ Unemployment will increase as firms lay off workers.

Question 2

The idea that individuals who work for companies should receive at least an equitable hourly income is known as


◦ minimum wage.
◦ compensating differential.
◦ economic income.
◦ transfer payment.


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Marked as best answer by humphriesbr@me.com on Apr 19, 2019

dpost18

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humphriesbr@me.com

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Reply 2 on: Apr 19, 2019
Wow, this really help


softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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