Examlex

Solved

The Figure Given Below Shows the Demand and Supply of Unskilled

question 26

Multiple Choice

The figure given below shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4. The figure given below shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4.   -Refer to Figure 18-1.Which of the following distances represents the complete unemployment created by the minimum wage legislation? A) OL<sub>3</sub> B) L<sub>2</sub>L<sub>3</sub> C) L<sub>2</sub> L<sub>1</sub> D) OL<sub>2</sub>
-Refer to Figure 18-1.Which of the following distances represents the complete unemployment created by the minimum wage legislation?


Definitions:

Subject Matters

The topics or themes that are being discussed or dealt with in a text, conversation, or study.

Physical World

The material universe that includes all of the physical objects and forces that interact within it.

Proven

Demonstrated to be true or effective through empirical evidence or logical reasoning.

Scientific Paradigm

A framework containing all the commonly accepted views about a subject, a set of assumptions, concepts, values, and practices that constitutes a way of viewing reality for the community that shares them, especially in an academic discipline.

Related Questions