There Will Be a ________ of Workers When the Wage

question 140

Multiple Choice

There will be a ________ of workers when the wage is ________ the equilibrium wage.

• A) surplus; at
• B) surplus; below
• C) surplus; above
• D) shortage; above
• E) shortage; at

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Definitions:

Part Performance

An equitable doctrine allowing a court to enforce an oral contract, despite statutory requirements for it to be in writing, based on actions taken in reliance on the contract.

Land

The surface of the earth, extending downward to the center and upward indefinitely into the airspace, including natural resources and physical features.

Acceptable

Deemed satisfactory or permissible by a given standard or authority.

Acreage

The measurement of land area in acres, often used in real estate and land management.