When a Chart Represents a Line Graph Used to Monitor

question 37

Multiple Choice

When a chart represents a line graph used to monitor the behavior of a selected characteristic over time, it is a

• A) Flowchart
• B) Cause and effect diagram
• C) Check sheet
• D) Pareto chart
• E) Run chart
• F) Scatter diagram

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Definitions:

Unemployment

The situation in which individuals who are able and willing to work cannot find employment.

Minimum-Wage Law

Legislation that sets the lowest hourly wage rate that employers can legally pay their workers.

Equilibrium Wage

The wage level at which the quantity of labor demanded by employers matches the quantity of labor supplied by workers, leading to a stable employment situation.

Labor Supplied

Labor supplied refers to the total hours that workers in an economy are willing and able to work at a given wage rate.