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Author Question: The Effect of Minimum Wage Laws, Unionism and Public PolicyWage rate (per hour) Labor DemandLabor ... (Read 59 times)

isam

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on: Nov 23, 2022

Question 1

The Effect of Minimum Wage Laws, Unionism and Public Policy


Wage rate
 (per hour)		 Labor    DemandLabor
Supply
$15​35,000​85,000​
10​60,000​60,000​
7​85,000​35,000​

Based on the data in the table, a minimum wage of $15 will lead to unemployment of ________ workers.
◦ 50,000
◦ 25,000
◦ 35,000
◦ 60,000

Question 2

The Effect of Minimum Wage Laws, Unionism and Public Policy


Wage rate
 (per hour)		 Labor    DemandLabor
Supply
$14​35,000​100,000​
10​65,000​65,000​
8​100,000​35,000​

Based on the data in the table, a minimum wage of $8 will lead to unemployment of ________ workers.
◦ zero
◦ 65,000
◦ 30,000
◦ 35,000
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by isam on Nov 23, 2022

3ginamay

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Reply #1 on: Nov 23, 2022
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isam

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

Zebsrer

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Reply 3 on: Yesterday
Excellent

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