Labor Market Data
Below Is Some Hypothetical Data on the Labor

question 42

Multiple Choice

Labor Market Data
Below is some hypothetical data on the labor market. $$\begin{array} { | c | c | c | } \hline \text { wage } & \text { quuantity demanded } & \text { quuanty 5upplied } \\\hline \$ 7 & 9,000 & 14,000 \\\hline \$ 6 & 12,000 & 12,000 \\\hline \$ 5 & 15,000 & 10,000 \\\hline\end{array}$$
-Refer to Labor Market Data. If the government imposed a minimum wage of $7, what would unemployment be?

• A)0
• B)2,000
• C)3,000
• D)5,000

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Definitions:

Advantages

The favorable attributes or benefits that give an individual, product, or service a competitive edge over others.

Disadvantages

Bottlenecks or drawbacks that may impede progress or success.

Safety Precautions

Measures taken in advance to prevent accidents or harm to people at work, in public places, or during activities.

Stock Clerk

An employee responsible for maintaining the stock levels of products in a retail or warehouse setting, ensuring items are well-organized and available.