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:

Few Tenths

A phrase typically used to describe a small quantity or measure, amounting to a fraction of a whole.

Picture-Image

A visual representation of an object, person, or scene produced on a surface.

Short-Term Memory

A cognitive function that holds a small amount of information in an active, readily available state for a short period.

Bits of Information

The smallest units of data in communication and information theory, representing a binary choice or a distinction between two alternatives.