-In the Figure Above, If the Minimum Wage Is $4

question 101

Multiple Choice

-In the figure above, if the minimum wage is $4 per hour, then

• A) the quantity of labor supplied is less than the quantity of labor demanded.
• B) the quantity of labor supplied is 4 million hours and the quantity of labor demanded is 2 million hours.
• C) unemployment is 1 million hours.
• D) the quantity of labor supplied is 3 million hours and the quantity of labor demanded is 3 million hours.

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Definitions:

Piaget

A theorist known for his work in developmental psychology, particularly in the study of children's cognitive development.

Moral Realism

The first stage in Piaget’s cognitive-developmental theory of moral development. In this stage, children judge acts as moral when they conform to authority or to the rules of the game. Morality is perceived as embedded in the structure of the universe.

Autonomous Morality

The second stage in Piaget’s cognitive-developmental theory of moral development. In this stage, children base moral judgments on the intentions of the wrongdoer more so than on the amount of damage done. Social rules are viewed as agreements that can be changed.

Moral Development

The growth and changes in understanding of right and wrong, moral values, and behaviors across an individual's lifespan.