Use the Following Table to Answer the Following Questions

question 107

Multiple Choice

Use the following table to answer the following questions.

-If a minimum wage is established at $7.50,what would be the amount of disequilibrium in the labor market?

• A) There would be a shortage of labor of 20,170,000.
• B) There would be a surplus of labor of 20,170,000.
• C) There would be neither a shortage nor a surplus.
• D) A labor shortage of 20,170,000 would be eliminated because individuals would decide to work in the illegal black market.
• E) A labor shortage of 20,170,000 would increase as individuals find work in the illegal black market.

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Definitions:

Neurotransmitters

Chemical substances that transmit signals across the synaptic gap from one neuron to another in the nervous system.

Prostaglandins

A group of local regulators derived from fatty acids; synthesized by most cells of the body and produce a wide variety of effects; sometimes called local hormones.

Steroids

A class of lipids characterized by a carbon skeleton with four fused rings; they play roles in structure, as hormones, and more.

Target Cells

Specific cells affected by hormones or other agents due to the presence of receptors pertinent to the substance in question.