-Refer to the Graph Above to Answer This Question

question 114

Multiple Choice

-Refer to the graph above to answer this question.What is the result if the government establishes minimum wage of $7 in this market?

• A)Firms would employ 22,000 workers.
• B)There would be a shortage of 3,000 workers.
• C)1,000 of the employed workers would be prepared to work for $1 an hour less.
• D)There would be 3,000 unemployed workers.
• E)19,000 workers would be willing and able to work.

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Definitions:

Capitoline Wolf

A bronze sculpture depicting a scene from Roman mythology, specifically the she-wolf suckling the future founders of Rome, Romulus and Remus.

Etruscan Orientalizing

A phase in the early history of ancient Italy, characterized by the influence of Near Eastern art and motifs on Etruscan artifacts and architecture.

Apollo Of Veii

An ancient Etruscan terracotta statue representing the Greek god Apollo, found in the ruins near Veii, Italy.

Colossal

Extremely large or great in scale, size, or extent, often used to describe statues, buildings, and natural features of remarkable magnitude.