Session:4 Labor and Financial Markets
Key Terms
Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e
- interest rate
- the “price” of borrowing in the financial market; a rate of return on an investment
- minimum wage
- a price floor that makes it illegal for an employer to pay employees less than a certain hourly rate
- usury laws
- laws that impose an upper limit on the interest rate that lenders can charge