16
QuizMultiple Choice

Labor — Quiz

Question 16 • Economics

What is the definition of minimum wage?

Answer
A
the average pay for qualified workers
B
the lowest hourly pay that workers can receive
C
the starting salary for all new employees
D
the required pay when an employee is injured

Explanation

Minimum wage is the lowest hourly rate that employers are legally allowed to pay workers. It is not an average or a standard starting salary, and it does not refer to pay after an injury. Therefore, the correct choice is “the lowest hourly pay that workers can receive.”

AI-written and checked against the verified answer.

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