Examlex
When college students are told by a speaker seeking their support,"You can make a difference.Do this for future generations," that speaker is using inspirational appeals to convince students to join the cause.
Surplus
The amount of a product or resource that exceeds the amount actually utilized or demanded.
Binding Minimum Wage
A government-set minimum wage that is above the equilibrium wage, potentially leading to unemployment because the quantity of labor supplied exceeds the quantity demanded.
Labor Demanded
The total number of workers that employers are willing and able to hire at a given wage rate in a certain period of time.
Labor Supplied
The aggregate amount of hours that employees are prepared and capable of working for a specified rate of pay.
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