The Fair Labor Standards Act of 1938
A. Eliminated minimum wages created during World War I.
B. Granted women the right to work in nonclerical occupations.
C. Set a minimum wage of 25 cents per hour.
D. Established maximum work hours per day.
Answer: C
Economics
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In a simplified banking system in which all banks are subject to a 10 percent required reserve ratio, a $1,000 open market sale by the Fed to a bank would cause the money supply to:
a. increase by $1,000. b. increase by $100,000. c. decrease by $10,000. d. decrease by $1,000. e. remain unchanged.
Economics
Which of the following would not be a policy option to eliminate an AD shortfall?
A. Reduce transfer payments. B. Increase transfer payments. C. Increase government purchases. D. Reduce taxes.
Economics