If the Market for Day Care Workers Is in Equilibrium

question 28

Multiple Choice

If the market for day care workers is in equilibrium at €5.00 per hour as shown in this diagram, a minimum wage of €8.00 per hour will increase unemployment by

• A) 300 workers.
• B) 500 workers.
• C) 600 workers.
• D) No workers.

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Definitions:

Performance Goals

Specific targets or objectives set by individuals or organizations to gauge and measure success or efficiency.

Ethical Development

The process by which individuals or organizations improve their decision-making by aligning it with moral and ethical principles.

Preconventional

A stage of moral development where individuals' ethical principles are guided by the consequences of actions and external rewards or punishments.

Cheat

Engaging in dishonest or deceitful behavior to gain an unfair advantage in a competitive situation or to bypass established rules.