The Diagram Below Shows the Supply and Demand for Labour

question 16

Multiple Choice

The diagram below shows the supply and demand for labour in a hypothetical town in northern British Columbia,with only one employer,a logging company. FIGURE 14-4
-Refer to Figure 14-4.Suppose this labour market is in a monopsonistic equilibrium.Then,suppose the provincial government of British Columbia imposes a minimum wage for employees in this industry of $30 per hour.What will be the effects on wages and employment?

• A)wages will fall by $5 per hour and employment will increase by 250 units of labour
• B)wages will not change and employment will increase by 250 units of labour
• C)wages will rise by $5 per hour and employment will increase by 250 units of labour
• D)wages will not change and employment will change by between 0 and 250 units of labour
• E)wages will not change and employment will not change

Recognize issues of generalizability, validity, and reliability in sociological research.

Understand the basic concepts and terminologies used in survey research.

Identify the types and characteristics of surveys and questionnaires.

Recognize the importance and challenges of achieving a representative sample.

---

Definitions:

Failing To Warn

The legal culpability faced by an entity for not properly informing consumers or users of a product's latent dangers or risks, potentially leading to harm.

Ease Of Warning

The simplicity with which potential risks or dangers can be communicated to the public or stakeholders.

Strict Product Liability

A legal doctrine that makes manufacturers, distributors, or retailers liable for damages caused by defective products, regardless of fault or negligence.

Reasonably Foreseeable

Refers to events or outcomes that can be predicted or expected by a person with regular intelligence and foresight.