To be effective, the minimum wage must be set ________ the ...

[j.rubin]

To be effective, the minimum wage must be set ________ the market-clearing wage, and this will result in a ________ of labor.
 
  A) above; surplus
  B) above; shortage
  C) below; surplus
  D) below; shortage

Question 2

Refer to Figure 13.1. Assume the voting method used to select a location for the recreation center is the Borda-count method, where if a town gets ranked 1, it gets 3 points per vote, a town ranked 2 gets 2 points per vote,
 
  a town ranked 3 gets 1 point per vote, and a town ranked 4 gets no points per vote. With this method, the town that gets the greatest number of points is
  A) Desert Sands.
  B) Glacier Cove.
  C) Mountain View.
  D) Oceanside.

[nekcihc358]

Answer to Question 1

A

Answer to Question 2

D

[j.rubin]

Excellent

[mcarey591]

TYSM