the minimum wage is an example of\na. a price floor.\nb. an input quota.\nc. a price ceiling.\nd. an…

the minimum wage is an example of\na. a price floor.\nb. an input quota.\nc. a price ceiling.\nd. an effective wage rate.

the minimum wage is an example of\na. a price floor.\nb. an input quota.\nc. a price ceiling.\nd. an effective wage rate.

Answer

Brief Explanations:

A price floor is a legal - minimum price. The minimum wage is the lowest amount that employers can legally pay workers, which is a type of price floor. An input quota is related to limiting the quantity of inputs, a price ceiling is a maximum price, and an effective wage rate is a more general term not specifically what the minimum wage represents.

Answer:

A. a price floor.