-In the Table Above, the Market Is in Equilibrium

question 148

Multiple Choice

-In the table above, the market is in equilibrium. Then a minimum wage is set at $11 per hour. The number of workers who lose their jobs will be

• A) 0.
• B) 1 million.
• C) 3 million.
• D) 5 million.

---

Definitions:

Task Structure

Refers to the defined organization, clarity, and procedures of a task, including how its goals are supposed to be achieved.

Participative Leadership

A leadership style that values the input of team members and stakeholders, involving them in the decision-making process to increase engagement and ownership.

Follower Readiness

The level of a follower's competence and commitment in performing a certain task or role.

Authoritarian Leadership

A leadership style characterized by individual control over all decisions with little input from group members.