In Figure 30

question 100

Multiple Choice

In Figure 30.2, a minimum wage of $20 will result in a

• A) Shortage of 160 workers.
• B) Shortage of 180 hours.
• C) Surplus of 32 workers.
• D) Surplus of 20 workers.

---

Definitions:

Stock Market Speculation

The act of trading stocks, commodities, or other financial instruments with the aim of making profits from short-term fluctuations in their prices, often involving high risk.

Protective Tariffs

Tariffs imposed on imports to protect domestic industries from foreign competition by increasing the cost of imported goods.

Demobilized Soldiers

Demobilized soldiers are military personnel who have been discharged from active service, often following the end of a conflict or war.

Unemployment

The condition of being jobless and actively seeking employment, often measured as a percentage of the labor force.