Final answer:
The law or regulation being described is the Fair Labor Standards Act, which requires employers to pay at least the federal minimum wage to qualified employees and sets other workplace standards. Hence, the correct answer is option (2).
Step-by-step explanation:
The law or regulation being described is the Fair Labor Standards Act.
The Fair Labor Standards Act requires employers to at least pay the federal minimum wage to qualified employees. This law also sets maximum hours of work before employers must pay overtime, prohibits child labor, and regulates health and safety conditions in the workplace.
The Americans with Disabilities Act, Family and Medical Leave Act, and Occupational Safety and Health Act are separate laws that address different aspects of employment rights and protections.