Author Question: In the above figure, at what minimum wage is the unemployment level equal to 200 million hours? ... (Read 70 times)

skymedlock · **on:** Jun 29, 2018

In the above figure, at what minimum wage is the unemployment level equal to 200 million hours?

A) 2 per hour
B) 4 per hour
C) 6 per hour
D) 8 per hour

Question 2

The (false) idea that an industry should be protected because of learning-by-doing until it is large enough to compete successfully in world markets is the ________ argument for protection.

A) cheap foreign labor
B) infant industry
C) dumping
D) comparative advantage