What Would Be the Optimal Level of Employment If a Union

question 20

Multiple Choice

What would be the optimal level of employment if a union came in and set a minimum wage at $60?

• A) 30 workers.
• B) 50 workers.
• C) 60 workers.
• D) 80 workers.
• E) 90 workers.

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Definitions:

Insider Trading

The unlawful act of buying and selling stocks for personal gain using privileged information that is not publicly available.

Dividend

A distribution of corporate profits to the corporation’s shareholders in proportion to the number of shares held.

Securities Act

A 1933 United States law that regulates the sale of securities to the public, requiring transparency to help prevent fraud.

Market Capitalization

The total market value of a company's outstanding shares of stock, calculated by multiplying the stock's price by the total number of shares.