How Well Do You Know The Minimum Wage?
7 Questions
| Attempts: 42
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
Correct Answer
A. 1938Explanation
The minimum wage was set in 1938, and was set at $0.25 an hour.Rate this question:
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- 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
Correct Answer
D. All of the aboveExplanation
All of these things are side effects of a higher minimum wage.Rate this question:
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- 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
Correct Answer
A. More opportunities for entry level workersExplanation
Workers at places such as McDonalds and other low level jobs benefit from the minimum wage.Rate this question:
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- 4.
Minimum Wage prevents what type of payment to workers?
Correct Answer
Unfair - 5.
Who sets the minimum wage?
- A.
Congress
- B.
House of Representatives
- C.
The President
Correct Answer
A. CongressExplanation
Congress decides when to set the minimum wage as well.Rate this question:
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- 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
Correct Answer
B. The minimal amount an employer can pay an employee -
- 7.
What percentage of the minimum wage are 15 and 16 year olds paid?
- A.
45%
- B.
60%
- C.
75-80%
- D.
90-100%
Correct Answer
C. 75-80% -
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Current Version
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Mar 21, 2022Quiz Edited by
ProProfs Editorial Team -
Jun 02, 2009Quiz Created by
Seanregan
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