Use the Following to Answer Questions

question 105

Multiple Choice

Use the following to answer questions:
Figure: The Labor Market
-(Figure: The Labor Market) Look at the figure The Labor Market. The size of the labor force at the equilibrium wage rate is:

• A)80,000.
• B)110,000.
• C)100,000.
• D)200,000.

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Definitions:

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be paid or transferred, often used for security purposes.

Pay To The Order

A phrase written on a financial instrument such as a check, indicating the person or entity to which the money is directed.

Bank

A financial institution licensed to receive deposits and make loans, and may offer various other financial services.

Negotiable

Capable of being discussed and terms arranged; a check is a negotiable instrument drawn against deposited funds to pay a specified amount to a person or business upon demand.