The Table Above Gives the Labor Market for a Small

question 41

Multiple Choice

$\begin{array} { c c c } \hline \begin{array} { c } \text { Real wage rate } \\\text { (2005 dollars } \\\text { per hour) }\end{array} & \begin{array} { c } \text { Quantity of labor demanded }\\\text { (millions of hours } \\\text { per month) }\end{array} & \begin{array} { c } \text { Quantity of labor supplied } \\\text { (millions of hours } \\\text { per month) }\end{array} \\\hline 7.15 & 50 & 25 \\7.65 & 70 & 32 \\8.00 & 60 & 60 \\8.50 & 45 & 70 \\9.00 & 20 & 85 \\\hline\end{array}$
The table above gives the labor market for a small foreign economy.
- Equilibrium in the labor market occurs at a real wage rate of

• A)$7.65 per hour.
• B)$9.00 per hour.
• C)$7.15 per hour.
• D)$8.00 per hour.
• E)$8.50 per hour.

---

Definitions:

Nasopharynx

The upper section of the throat behind the nose, which connects the nasal cavity to the oropharynx and plays a role in breathing and speech.

Palatine

A pair of bones that form the posterior part of the hard palate and contribute to the structure of the nasal cavity and the oral cavity.

Lingual

Pertaining to or related to the tongue in anatomy or linguistics.

Mucous Membranes

The moist, epithelial linings of various organs and cavities of the body that secrete mucus, providing protection and lubrication.