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Gradebor Print Calculator 10 of 19 Map Sapling Learning Which of the following is true of the minimum wage in the United States? o The by rate is by federal government while the minimum wage rate is set voluntarily cities. O Only about 1% of the United States population receives the minimum wage rate. O Acts as a binding price floor in the labor market in most cities o countries have a lower minimum wage rate than the United States relative to overall rates for country Which of the following has been shown to be true in the United States about changes in the minimum wage rate? O Changes in the minimum wage ahways have had some effect on employment o percentage of the US population receives the minimum wage rate, changes in the rate tend to greatly impact the demand for low-skilled workers. O Changes in the minimum wage have historically had a small impact on employment. O changes in the rate tend to greatly impact the demand for high-skilled workers.

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