Author Question: To be effective, the minimum wage must be set ________ the market-clearing wage, and this will ... (Read 92 times)

j.rubin · **on:** Jun 29, 2018

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.