Suppose the Equilibrium Wage Rate for Apricot Pickers Is $9

question 75

Multiple Choice

Suppose the equilibrium wage rate for apricot pickers is $9.00 per hour in California and at that wage rate the equilibrium quantity of apricot pickers is 14,000.If the minimum wage is set at $7.50 per hour,then the

• A) quantity of apricot pickers employed increases.
• B) quantity of apricot pickers employed decreases.
• C) quantity of apricot pickers employed does not change.
• D) wage rate for apricot pickers increases.
• E) some apricot pickers are unemployed.

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Definitions:

Explicit Attitudes

Refers to the attitudes and beliefs that a person consciously recognizes and can easily report or describe.

Moods

Emotional states that are less specific, less intense, and longer-lasting than emotions, influencing an individual's perception and behavior.

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making but do not guarantee a correct outcome.

Positive Mood

A state of well-being and contentment that enhances one's outlook and cognitive functions.