Table 28-7 Below Is Data About the Labor Market in the City

question 456

Multiple Choice

Table 28-7
Below is data about the labor market in the city of Productionville.
-Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

• A)0
• B)2,000
• C)3,000
• D)5,000

---

Definitions:

Patent

A grant from the government that gives an inventor the exclusive right to make, use, and sell an invention for a period set by Congress.

Business

The activity of making, buying, or selling goods or providing services in exchange for money, within an organizational or entrepreneurial context.

Plan

A detailed proposal for doing or achieving something, often involving a series of steps or actions intended to accomplish a specific goal.