Figure 20-1 -Refer to Figure 20-1. Based on the Graph of the Graph

question 114

Multiple Choice

Figure 20-1
-Refer to Figure 20-1. Based on the graph of the labor market above, if a minimum wage is set at $5 per hour, which of the following will occur?

• A) The unemployment rate will rise.
• B) The unemployment rate will fall.
• C) The level of unemployment will rise, but the percentage of the labor force unemployed will not change.
• D) None of the above will occur.

---

Definitions:

Team Development

The phase-based process of building stronger, more effective teams through various stages of growth and collaboration.

Forming, Storming, Norming, Performing

A model describing the stages that teams typically go through, from their formation and initial orientation to achieving high levels of performance.

Employee Involvement Groups

Organized groups within a company that provide employees with a platform to contribute ideas, feedback, and participate in decision-making processes.

Quality Circles

Groups of workers who voluntarily meet on a regular basis to discuss and propose solutions to workplace issues with the aim of enhancing performance and efficiency.