The table above shows the demand for labor and supply of labor schedules for low-skilled labor. If the labor market is competitive, what is the wage rate of low-skilled labor and what is the quantity of low-skilled labor employed?
A) 6 an hour; 60 hours a day
B) 6 an hour; 65 hours a day
C) 4 an hour; 70 hours a day
D) 4 an hour; 55 hours a day
Question 2
If a voter is ignorant of some of the issues that affect public policy, then the voter is definitely behaving irrationally.
Indicate whether the statement is true or false
Attention and memory are in demand during circle time.
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Construct a Lorenz curve that shows income distribution in this society.