FIGURE 14- 2

question 103

Multiple Choice

FIGURE 14- 2
-Refer to Figure 14- 2.Suppose the labour market is in a monopsonistic equilibrium.If a minimum wage is then imposed at W5,the effect would be to

• A)increase employment only.
• B)increase wages and create a shortage of workers.
• C)decrease wages but employment would remain the same.
• D)increase wages and maintain employment but create a pool of unemployed workers.
• E)waste policy effort,as there would be no effect whatsoever in the labour market.

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Definitions:

Catheterization

The process of inserting a thin tube, or catheter, into a body cavity, duct, or vessel to allow for drainage, injection of fluids, or access by surgical instruments.

Foley Catheter

A flexible tube inserted into the bladder to drain urine.

Urethral Damage

Injury or harm to the urethra, the tube that carries urine from the bladder out of the body, which can lead to difficulty in urination or urinary incontinence.

Large Catheters

Medical devices inserted into body cavities, ducts, or vessels to allow for drainage, administration of fluids, or access by surgical instruments.