Table 54 Table 5-4 Shows the Demand and Supply Schedules

question 79

Multiple Choice

Table 5.4 Table 5-4 shows the demand and supply schedules for labour market in the city of Pixley.
-Refer to Table 5.4.If a minimum wage of $11.50 is mandated, there will be a

• A)shortage of 20 000 units of labour.
• B)surplus of 20 000 units of labour.
• C)shortage of 40 000 units of labour.
• D)surplus of 40 000 units of labour.

Know the interventions used by psychologists to improve learning and behavior.

Recognize the factors that contribute to forming aversions and preferences.

Identify the importance of compatibility in ergonomics.

Understand the concept of ageism and its impacts on older people.

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Definitions:

Learned Needs

Needs that are acquired or developed over time as a result of life experiences, cultural exposure, or the influence of social interactions.

Achievement

The accomplishment of an aim or purpose, often associated with a sense of pride and fulfillment.

Affiliation

The need or desire of individuals to connect, belong, or be associated with groups or other people.

Power

The ability to influence or control the behavior of people or the course of events.