-In the figure above, if the minimum wage rate is $8 per hour, then, after taking account of resources lost in job search, the workers' surplus is the area ________ and the firms' surplus is the area ________.
Definitions:
Sternberg's
refers to Sternberg's Triarchic Theory of Intelligence, which posits three main components of intelligence: analytical, creative, and practical.
Triangular Theory
A theory that describes love in terms of three components: intimacy, passion, and commitment, positing that different combinations lead to different types of love.
Sternberg's
Pertains to theories developed by psychologist Robert Sternberg, notably his Triarchic Theory of Intelligence.
Intimacy
A tight-knit, intimate bond that is typically characterized by affection or love, shared between an individual and another person or collective.
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