Consider the Labor Market Below

question 6

Multiple Choice

Consider the labor market below. If a minimum wage of $12 per hour is imposed in this labor market, then:

• A)200 workers will lose their jobs.
• B)400 workers will earn $12 an hour.
• C)total earnings will rise
• D)worker surplus will fall.

---

Definitions:

Values And Beliefs

Principles or standards of behavior that are considered important by individuals or groups, and convictions held to be true.

Myers-Briggs Typology

A personality framework that categorizes individuals into 16 distinct personality types based on four dichotomies of preferences.

Thinking Type

Refers to the various mental processes and approaches individuals use to process information, solve problems, and make decisions.

Dental Assistant

A healthcare professional who supports dentists by preparing equipment, assisting during procedures, and providing patient care.