-The Above Figure Shows a Labor Market

question 106

Multiple Choice

-The above figure shows a labor market.Before the minimum wage of $8 an hour is imposed,employment equals ________ workers; after the minimum wage of $8 an hour is imposed,employment equals ________ workers.

• A) 80,000; 40,000
• B) 40,000; 80,000
• C) 60,000; 40,000
• D) 60,000; 80,000
• E) 80,000; 60,000

---

Definitions:

Historical Significance

The importance of an event, object, or person in affecting the course or understanding of history, meriting attention and study.

Cotton

A natural fiber harvested from the cotton plant, which became the foundation of a lucrative agricultural industry in the southern United States, largely based on slave labor before the Civil War.

Peculiar Institution

A euphemism for slavery in the antebellum South, emphasizing its distinctive and controversial nature.