If the Average Wage Is $9 in Country X and $8

question 42

Multiple Choice

If the average wage is $9 in country X and $8 in country Y and both countries have similar elasticities of labor supply and demand, then a minimum wage of $4 in both countries will tend to

• A) make unemployment higher in country X than in country Y.
• B) make unemployment higher in country Y than in country X.
• C) make unemployment the same in both countries.
• D) have no effect in either country.

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Definitions:

Push Type Clutch

A clutch mechanism activated by pushing a pedal, which disengages the drive shaft to change gears or stop the vehicle without stalling the engine.

PMI

Project Management Institute, an organization that offers training and certification for project managers.

Solo Clutch

A type of clutch designed for use in a single-driver operation, often found in commercial or performance vehicles.

Service Life

The expected period or duration a product or component is usable under normal or specified conditions before it needs replacement or repair.