Use the Table Below to Answer the Following Questions

question 71

Multiple Choice

Use the table below to answer the following questions.
Table 6.2.1
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City.In an unregulated market,

• A)there is no teenage unemployment and the wage rate is $16 per hour.
• B)there is no teenage unemployment and the wage rate is $15 per hour.
• C)teenage unemployment is 400 hours and the wage rate is $16 per hour.
• D)teenage unemployment is 400 hours and the wage rate is $15 per hour.
• E)the minimum wage is $17 per hour.

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Definitions:

Residual Claim

A claim on a company's assets and income that is only payable after all other debts and liabilities have been settled.

Treasury

Refers to the government department responsible for managing the revenue, spending, and overall financial policies of a country. It can also refer to the corporate division dealing with financial and liquidity management in a company.

Voting Rights

The rights of shareholders to vote on corporate matters, such as electing the board of directors or approving corporate policies.

Dividends Per Share

The amount of dividends that are paid out per share of a company's stock.