Mr. Harris and his 16-year-old son were discussing the differences in minimum wage from when he was 16 until now. Mr. Harris said that he only made $4.00 an hour when he was 16. His son makes $7.25 an hour. Which of the following can be attributed to the change in minimum wage?

A.

Cost of living changes

B.

Discretionary income influx

C.

Increased unearned income interest rates

D.

Standard of living changes

Question

Mr. Harris and his 16-year-old son were discussing the differences in minimum wage from when he was 16 until now. Mr. Harris said that he only made $4.00 an hour when he was 16. His son makes $7.25 an hour. Which of the following can be attributed to the change in minimum wage?
 





A.

Cost of living changes





B.

Discretionary income influx





C.

Increased unearned income interest rates





D.

Standard of living changes

anonymous · Answer

C

anonymous · Answer

C. Increase unearned income interest rates