(Figure: Labor Market) Refer to the figure. What is the unemployment rate in this market as a result of the implementation of a $10 minimum wage?
What will be an ideal response?
1000
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A severe freeze has damaged the Florida orange crop. The effect on the market for oranges will be a left shift of
A. demand, as consumers try to economize because of the shortage. B. both the supply and demand curves. C. the supply curve. D. the supply curve and a right shift in the demand curve, and the outcome will be a higher price
Bob is given the right to make all the important decisions in an organization. This is an example of
A. centralized decision making. B. decentralized decision making. C. bundling. D. a nonstandard practice within a hierarchy.
The United States six largest labor unions have at least _______ members each.
A. 250,000 B. 1.3 million C. 2.5 million D. 5 million
Refer to the graphs shown. The discovery of a new supply of resources used only in the production of guns can be shown by which shift?
A. From X to Z to X to Y in diagram b B. From A to B to C to D in diagram a C. From X to Y to X to Z in diagram b D. From C to D to A to B in diagram a