When the government sets a price floor on earnings, it is called which of the following? employment guarantee

Question

When the government sets a price floor on earnings, it is called which of the following?

employment guarantee

base-level wage

minimum wage

market equilibrium rate

in progress 0
2022-06-28T01:51:51+00:00 2 Answers 0

Answers ( 2 )

  1. Arianna
    0
    2022-06-28T01:53:11+00:00

    The answer is minimum wage.

    A price floor is:
    a) The lowest price a consumer can pay for a good
    OR
    b) The lowest price a person can be paid for a certain service.

    In this case, the United States government has a price floor, which is called minimum wage. The federal minimum wage ensures that Americans in certain industries can not be paid less than a certain hourly rate. Currently, it is $7.25 an hour. However, states can create their own minimum wage for their citizens as well.

  2. Naruto
    0
    2022-06-28T01:53:45+00:00

    Answer:

    minimum wage

    your welcome in a nice way ok

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