In the Following Graph, S and D Represent the Supply

question 27

Multiple Choice

In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question. When the wage in the market is set at £7:

• A) there is a surplus of 100 workers.
• B) there is a shortage of 150 workers.
• C) there is a surplus of 200 workers.
• D) there is a shortage of 275 workers.

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Definitions:

Schema

Cognitive frameworks or concepts that help individuals organize and interpret information.

Day Care

A service involving care for other people's children during the daytime, especially so that their parents can work.

Social And Cognitive Measures

Evaluations or assessments used to gauge an individual's cognitive abilities and social behaviors.

Parenting Styles

The psychological constructs representing standard strategies that parents use in raising their children.