Critics in the United States Argue That the Passage of Minimum-Wage

Multiple Choice

Critics in the United States argue that the passage of minimum-wage legislation has resulted in reduced U.S.international competitiveness. This example demonstrates that:

A) Cultural convergence is making it impossible for U.S.firms to do business abroad
B) New minimum-wage requirements have a profound impact on the international competitiveness of firms that are highly capital intensive
C) All domestic laws and regulations affect the international competitiveness of a firm
D) Some laws and regulations indirectly affect international business
E) Extraterritoriality is a major concern for U.S.firms