Table 28-8 Below Is Data About the Labor Market in the State

question 642

Multiple Choice

Table 28-8
Below is data about the labor market in the state of Northwoods.
-Refer to Table 28-8. If the state government imposed a minimum wage of $8, how many people would be unemployed?

• A)0
• B)10,000
• C)20,000
• D)40,000

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Definitions:

Conceptual Skills

The ability to understand complex ideas and problems, and to develop creative and effective solutions.

Bargaining Power

The ability of one party to exert influence over another in negotiations to achieve favorable terms.

Authorization Cards

Documents signed by employees indicating their desire for a union to represent them in collective bargaining.

Representation Election

A voting process used in workplaces to determine whether employees wish to be represented by a labor union.