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Author Question: The above figure shows the labor market in an undeveloped nation. If the minimum wage is set at 5.00 ... (Read 154 times)

EAugust

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on: Jun 29, 2018
The above figure shows the labor market in an undeveloped nation. If the minimum wage is set at 5.00 per hour, what effect will it have on the market for low-skilled labor?
 
  A) The minimum wage will have no effect when set above the equilibrium wage rate.
  B) The minimum wage will create a surplus of low-skilled labor.
  C) The minimum wage will create a shortage of low-skilled labor.
  D) The minimum wage will attract more labor to the low-skilled labor market and cause the wage rate to fall.

Question 2

A trend shows
 
  A) the degree of correlation between two variables.
  B) the general tendency for a variable to rise or fall.
  C) the scale used to measure to variables.
  D) the increases in one variable.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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recede

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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EAugust

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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