To increase workers' incomes, the City of New York's government set a wage below which it is illegal for employers to pay employees. This wage is referred to as the

Jack had an accident that caused a damage of $4,200 to his car. He had to pay $500 for repair while his insurer paid the remaining amount. Why do insurance companies have such policies?

What will be an ideal response?

U.S. gross national product is defined as

A) the value of final goods and services produced within the United States. B) the value of final goods and services produced outside of the United States. C) the value of final goods and services produced by residents of the United States even if the production takes place outside of the United States. D) the value of final goods and services produced within the United States, by United States residents.