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    Principles of Economics Study Set 12
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    Exam 13: Labor Markets
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    Exhibit 13-5 -Refer to Exhibit 13-5. If This Figure Represents a Low-Skilled
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Exhibit 13-5 -Refer to Exhibit 13-5. If This Figure Represents a Low-Skilled

Question 152

Question 152

Multiple Choice

Exhibit 13-5 Exhibit 13-5   -Refer to Exhibit 13-5. If this figure represents a low-skilled labor market, a minimum wage would be illustrated by A) None of the wages illustrates a minimum wage. B) W<sub>3</sub>. C) W<sub>2</sub>. D) W<sub>1</sub>. E) the origin.
-Refer to Exhibit 13-5. If this figure represents a low-skilled labor market, a minimum wage would be illustrated by


A) None of the wages illustrates a minimum wage.
B) W3.
C) W2.
D) W1.
E) the origin.

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