The Davis-Bacon Act of 1931:
A) permits a lower "training wage," which employers may pay to workers under the age of 20 for a period of up to 90 days.
B) requires that employers pay higher wages for overtime, defined as hours worked beyond 40 hours per week.
C) requires general contractors performing services on prime contracts in excess of $2,500 to pay service employees in various classes no less than the wage rates found prevailing in the locality.
D) covers all government contractors receiving $10,000 or more in federal funds.
E) covers construction contractors that receive more than $2,000 in federal money.

Question

Quizplus · Accepted Answer

Economic theory holds that the most profitable level, all things being equal, would be at the market rate.