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WorksheetsMinimum Wage vocabulary
Total questions: 14
Worksheet time: 4hrs 30mins
Name
Class
Date
1.
Federal
a)
National
b)
State
c)
Government
d)
Economic
2.
Minimum wage
a)
The lowest hourly wage permitted by law
b)
The highest hourly wage permitted by law
c)
The lowest salary permitted by law
d)
The highest salary permitted by law
3.
Inflation (economic definition)
a)
A general increase in prices and fall in the purchasing value of money
b)
An increase in the minimum wage and the wages of higher-level workers
c)
An increase in the number of hours worked per week per capita
d)
A federal incentive program designed to increase wages and salaries
4.
Breadwinner
a)
Main person who earns money to support a family.
b)
Any person who has a paying job.
c)
Worker making minimum wage - "just enough to buy bread".
d)
Person who works in the restaurant/food service field.
5.
Recession
a)
A period of temporary economic decline
b)
A time during which many workers go on strike
c)
A backing away of government from economic interference
d)
A decrease in the purchasing power of money
6.
Stimulus
a)
A thing that rouses activity or energy in someone or something; a spur or incentive.
b)
A person employed for wages or salary, especially at nonexecutive level.
c)
A machine that takes over the responsibilities of a human worker.
d)
A period of temporary economic decline, and a decrease in the money supply.
7.
Economy
a)
The wealth and resources of a region
b)
The government of a country
c)
Money
d)
The job market
8.
Wealth
a)
Valuable possessions and/or money
b)
Abundance and/or stuff
c)
Dollars and/or laws
d)
Valuable ideas and/or foods
9.
Profit margin
a)
The amount by which income from sales exceeds costs in a business.
b)
The amount of money a customer pays for a particular product.
c)
The amount of money that goes into making a product before it is sold.
d)
The amount of money paid to a company's CEO.
10.
Compensation
a)
Payment
b)
Comfort
c)
Emotional well-being
d)
Profit
11.
Unemployment
a)
Not having a job
b)
Living below the poverty line
c)
Being employed at minimum wage
d)
Not working enough hours
12.
Automation
a)
Using machines to replace people
b)
The process of making laws apply to a whole country
c)
Raising of the minimum wage
d)
Increasing energy of an economy
13.
Living wage
a)
A wage that is high enough to maintain a normal standard of living
b)
A wage that is high enough to keep someone from dying
c)
A wage that comes to life, like a zombie, and consumes its earner
d)
A wage that is high enough to let people live in luxury and comfort
14.
Poverty
a)
Not having enough money to maintain a normal standard of living
b)
Having absolutely no money
c)
Having just enough money to pay for necessities, but no luxuries
d)
Having a lot of pover.
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