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Hawks are not successful every time they hunt; in fact, many do not survive beyond their first year of life because they do not develop sufficient hunting skills. Because hawks are never certain when they will catch something to eat, they hunt continuously to increase the chance that they will capture prey. The high rate of hunting in hawks is the product of a _______ schedule.
Minimum Wage
The lowest wage that employers may legally pay for an hour of work.
Unemployment Effect
The impact on employment levels due to changes in economic conditions, policies, or external factors affecting the labor market.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.
Quantity Demanded
The total amount of a commodity that consumers are willing to purchase at a specific price point, at a given time.
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