Figure 51 Alt Text for Figure 5

question 109

Multiple Choice

Figure 5.1 Alt text for Figure 5.1: In figure 5.1, a graph of the labour market.
Long description for Figure 5.1: The x-axis is labelled, labour (millions of workers) .The y-axis is labelled, wage (dollars per hour) , ranging from 0 to 28 in increments of 2.2 intersecting lines are shown.A line slopes down from the top left of the quadrant, near the value 24 on the y-axis, to the bottom right corner, near the end of the x-axis.A second line slopes up from the bottom left corner of the quadrant, near the origin, to the top right corner.4 points plotted along the 2 sloping lines, and the point of intersection of the 2 lines, are connected to the corresponding values on the x-axis, and to the values 10, 13 and 16 on the y-axis.
-Refer to Figure 5.1.Based on the graph of the labour market above, if a minimum wage is set at $10 per hour, which of the following will occur?

• A)The unemployment rate will rise.
• B)The unemployment rate will fall.
• C)The level of unemployment will rise, but the percentage of the labour force unemployed will not change.
• D)The quantity of labour supplied will rise.
• E)None of the above will occur.

---

Definitions:

Neural Activation

The process by which neurons in the brain are stimulated to fire, leading to various mental and physical responses.

Memory Model

A theoretical framework describing how memory is structured, functions, and processes information, including encoding, storage, and retrieval.

Tip-of-the-tongue Phenomenon

A common cognitive experience where an individual is unable to retrieve a particular word or fact from memory, despite feeling that retrieval is imminent.

Mnemonic Device

Techniques a person can use to help them improve their ability to remember something, often by associating complex information with a word, a phrase, or an image.