If the Wage for Unskilled Labor Were Fixed Above the Current

question 25

Multiple Choice

If the wage for unskilled labor were fixed above the current wage,then we would expect

• A) an increase in the number of unskilled jobs available.
• B) a decrease in the number of unskilled jobs available.
• C) a decrease in the number of workers wanting unskilled jobs.
• D) None of the above is correct.

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Definitions:

Gross Domestic Product

The overall value, in market or monetary terms, of every final good and service produced within a nation's borders in a set time frame.

Kitchen Appliances

Various electrical or mechanical devices used in a kitchen for performing cooking, cleaning, or food preservation tasks.

Gross Domestic Product

The cumulative market or monetary value of all completed goods and services generated inside a nation's borders during a particular timeframe.

Food Stamps

A governmental assistance program providing low-income individuals and families with funds to purchase groceries, aimed at alleviating food insecurity.