The federal government’s ability to set a minimum wage is:A.a concurrent power, because the federal government works with state governments to accomplish this.B.a reserved power, because the Constitution specifically assigns this power to the states.C.an implied power, because the Constitution allows it to regulate interstate commerce.D.an expressed power, because the Constitution specifically allows Congress to establish wages.SUBMITarrow_backPREVIOUS

If a state or a city has set its own minimum wage, and that minimum wage conflicts with the federal minimum wage, then which of the following is true?Multiple ChoiceIf the federal minimum wage is higher than the local minimum wage, then the federal minimum wage controls.The local minimum wage controls even if it is lower than the federal minimum wage.The wage to be paid is then determined by a committee made up of private employees and public officials.The wage to be paid is then entirely within the discretion of the employer.

Passage 1 Raising the minimum wage for workers will provide a significant boost to the economy. For example, changing the minimum wage to $10.10 per hour would add $22 billion to the economy by increasing people’s purchasing power. Household spending would increase by $48 billion in one year with a similar minimum wage increase. Increased earnings lead to increased spending and a greater demand for products and services. This phenomenon then leads to the need for more workers and, thereby, job growth. Passage 2 The current federal minimum wage for workers is $7.25. If the government increased that by $1.75, studies show that household spending would also increase—by $48 billion annually. An economic move like this makes too much sense to ignore. A rise in household spending would mean an expansion in the profits of many businesses, including small businesses. As a small-business owner, I would certainly welcome the extra income. The last time the minimum wage was increased, my profit margin increased substantially. My fellow small-business owners experienced a similar profit growth that year. Which passage provides more effective evidence, and why? Passage 1 is more effective because the evidence is logical and does not include fallacies. Passage 1 is more effective because the evidence is logical and cannot be opposed. Passage 2 is more effective because the evidence is emotional and includes two perspectives. Passage 2 is more effective because the evidence is logical and is supported by anecdotes.

(Consider a Macroeconomics perspective) Minimum wage is a government intervention on labour compensation which is equivalent to a price floor in the labour market. Although it aims to protect the well being of workers, it would also increase firms’  (three words). As a result, it would cause the  (two words) to shift leftward, resulting in a decrease in real output and an increase in the  (three words).

The U.S. government sets the federal _______ wage, and employers cannot pay workers less than this wage.A.livingB.minimumC.maximumD.dailySUBMITarrow_backPREVIOUS

If the government abolishes minimum wages, what kind of policy is this?