Use the Following to Answer Questions

question 360

Multiple Choice

Use the following to answer questions:
Figure: The Demand for Bricklayers
-(Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers. The equilibrium market wage for bricklayers is $100 a day, but there is a new minimum wage of $120. Therefore:

• A) three workers who otherwise would have been employed by this firm are now unemployed.
• B) four workers will now be hired by this firm.
• C) all bricklayers are better off.
• D) this firm will shut down.

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Definitions:

Discrimination

Unfair treatment of individuals based on characteristics such as race, age, gender, disability, or religion, which is prohibited in many aspects of employment and public life.

Mediation

A form of alternative dispute resolution where a neutral third party helps two or more sides negotiate to resolve a conflict.

Employment Equity Criteria

Standards used to ensure fairness in hiring, promotion, and treatment of employees, typically addressing discrimination against women, minorities, and other marginalized groups.

Bidding

The process of offering a certain price for goods, services, or projects, commonly used in auctions and contract proposals.