Use the Following to Answer Questions

question 360

Multiple Choice

Use the following to answer questions:
Figure: The Demand for Bricklayers
-(Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers. The equilibrium market wage for bricklayers is $100 a day, but there is a new minimum wage of $120. Therefore:

• A) three workers who otherwise would have been employed by this firm are now unemployed.
• B) four workers will now be hired by this firm.
• C) all bricklayers are better off.
• D) this firm will shut down.

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Definitions:

Positive Regard

The acceptance and love a person receives from others, often considered critical in personal development and psychology.

Annual Staff Picnic

A yearly organized gathering for employees to socialize and relax outside of the work environment.

Discharged

Released from a hospital or medical care, indicating that the patient no longer requires in-patient care.