Figure: Wage Subsidy Reference: Ref 6-11 (Figure: Wage Subsidy)

question 56

Multiple Choice

Figure: Wage Subsidy Reference: Ref 6-11 (Figure: Wage Subsidy) Refer to the figure. If a minimum wage of $8 had been implemented instead of a wage subsidy, how many workers would have been unemployed?

• A) 60
• B) 30
• C) 180
• D) 120

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Definitions:

Continuous Data

Data that can take any value within a given range or interval and can be measured with arbitrary precision.

Metrics

Quantifiable measures used to track and assess the status of a specific business process or activity.

Discrete

Discrete refers to a type of data or variable that can take on a finite number of values and is countable, such as the number of students in a class.

Ratio

A quantitative relationship between two numbers showing how many times one value contains or is contained within the other.