Use the Following to Answer Questions: Figure: Minimum Wage

question 64

Multiple Choice

Use the following to answer questions: Figure: Minimum Wage
-Figure: Unskilled Labor Market Based on the figure, what is the number of unemployed workers if a minimum wage of $6 is set in this market for unskilled labor?

• A) 40
• B) 55
• C) 20
• D) 95

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Definitions:

Management

The process of planning, organizing, directing, and controlling the operations of a business or organization to achieve its objectives.

Wagner Act

Also known as the National Labor Relations Act of 1935, it is a foundational statute of US labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Picket

A method of protest in which individuals (often labor union members) demonstrate at a particular location to voice their grievances or demands, frequently outside their place of work.

Unsafe Working Conditions

Work environments that pose hazards to employees' health or safety, often in violation of occupational safety and health standards.