Use the Following to Answer Question(s): Demand and Supply of Bricklayers

question 147

Multiple Choice

Use the following to answer question(s) : Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market

-(Exhibit: Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market) If the equilibrium wage in the market for bricklayers is $100 a day, but a minimum wage for bricklayers of $130 a day is set by the government:

• A) 6 workers will now be hired by the firm.
• B) 3 workers who otherwise would have been employed are now unemployed.
• C) all bricklayers are better off.
• D) the firm will shut down.

---

Definitions:

Safeguards

Measures or controls put in place to protect against unauthorized access, damage, or theft.

Assets

Resources owned by a company that have economic value and can be used to meet liabilities.

Internal Auditors

Professionals who conduct audits within an organization to review and evaluate the adequacy of internal controls and compliance with policies and regulations.

Evaluate

To Evaluate means to systematically assess something by considering its merits, qualities, or values, usually in a detailed and analytical manner.