Figure 13-1 -Refer to Figure 13-1.Based on the Graph of the Labor

question 188

Multiple Choice

Figure 13-1

-Refer to Figure 13-1.Based on the graph of the labor market above,if a minimum wage of $8 per hour is imposed,which of the following will result?

• A) The quantity of labor demanded by firms will rise.
• B) The quantity of labor demanded by firms will fall.
• C) The unemployment rate will fall.
• D) Both A and C will occur.

---

Definitions:

British Policies

Refers to the laws, regulations, and actions taken by the British government or authorities which can have domestic or international effects.

Colonists

describes individuals who settle in territories often claimed or controlled by another country, usually in pursuit of economic opportunities and new lives, such as the settlers of the American continents by European powers.

Committees of Observation

Local groups established in the American colonies to enforce the boycotts imposed by the Continental Congress and to resist British policies leading up to the American Revolution.

Tactics

Specific actions, strategies, or maneuvers used to achieve a particular objective, often within a larger plan or strategy.