How Well Do You Know The Minimum Wage?

7 Questions | Total Attempts: 42

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Knowledge Quizzes & Trivia

Test your knowledge on the minimum wage


Questions and Answers
  • 1. 
    When was the minimum wage first implemented?
    • A. 

      1938

    • B. 

      1872

    • C. 

      1812

    • D. 

      1950

    • E. 

      1900

  • 2. 
    What is a negative effect of the minimum wage?
    • A. 

      Cost Push Inflation

    • B. 

      Increase in unemployment

    • C. 

      Companies cut workers

    • D. 

      All of the above

  • 3. 
    What is a positive effect of the minimum wage?
    • A. 

      More opportunities for entry level workers

    • B. 

      You can slack off and still get paid

    • C. 

      It makes everyone happier

  • 4. 
    Minimum Wage prevents what type of payment to workers?
  • 5. 
    Who sets the minimum wage?
    • A. 

      Congress

    • B. 

      House of Representatives

    • C. 

      The President

  • 6. 
    What is minimum wage?
    • A. 

      The lowest amount of money a worker will agree to work for

    • B. 

      The minimal amount an employer can pay an employee

    • C. 

      The amount of money your receive if you have been fired

  • 7. 
    What percentage of the minimum wage are 15 and 16 year olds paid?
    • A. 

      45%

    • B. 

      60%

    • C. 

      75-80%

    • D. 

      90-100%

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