Use the Figure Below to Answer the Following Questions

question 72

Multiple Choice

Use the figure below to answer the following questions.

Figure 22.3.2
-Refer to Figure 22.3.2. If the real wage is $20 an hour, a labour

• A)shortage will occur and the real wage will rise.
• B)shortage will occur and the real wage will fall.
• C)surplus will occur and the real wage will rise.
• D)surplus will occur and the real wage will fall.
• E)surplus will occur and the demand for labour will increase.

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Definitions:

Theory of Punishment

A set of principles discussing the rationale and justification for punishing individuals who break the law.

Fear of Punishment

The anticipation of experiencing negative consequences or sanctions as a result of engaging in wrongful or illegal acts, often used as a deterrent.

Deterrence

A strategy aimed at preventing undesirable actions by instilling fear of consequences.

Deterrent Effect

The principle or effect of discouraging criminal behavior through the fear of punishment.