-In the figure above,if the minimum wage rate is $8 per hour,then after taking account of resources lost in job search,the workers' surplus is the area ________ and the firms' surplus is the area ________.
Definitions:
Generalization
A broad statement or conclusion drawn from specific instances, applying to a wider set of circumstances.
Particulars
Refers to the specific, individual aspects or details of a subject or object that distinguish it from others.
Right
A moral or legal entitlement to have or do something; often considered fundamental and inherent.
Accident
A logical fallacy that occurs when an argument mistakenly applies a general rule to a specific case to which the rule does not appropriately apply.
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