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A study of the effect of IQ on musical ability involved three levels of IQ-below average, average, and above average.A total of 36 participants were involved.Of the 36 participants, 8 were determined to have below average intelligence, 18 were of average intelligence, and 10 were of above average intelligence.
a.What is ?
b.What is ?
c What is ?
Above-Equilibrium Wage
A wage rate higher than the market equilibrium wage, which can lead to unemployment due to the excess supply of labor.
Minimum-Wage Laws
Legislation that sets the lowest hourly rate that employers are allowed to pay their workers.
Unions
Organizations formed by workers from related sectors to negotiate collectively with employers over wages, benefits, and working conditions.
Efficiency Wages
Above-equilibrium wages paid by firms to increase worker productivity.
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