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    Principles of Economics Study Set 7
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    Exam 28: Unemployment and Its Natural Rate
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    Table 28-7 Below Is Data About the Labor Market in the City
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Table 28-7 Below Is Data About the Labor Market in the City

Question 480

Question 480

Multiple Choice

Table 28-7
Below is data about the labor market in the city of Productionville. Table 28-7 Below is data about the labor market in the city of Productionville.   -Refer to Table 28-7. If the local government imposed a minimum wage of $8 in Productionville, how many people would be unemployed? A) 0 B) 2,000 C) 5,000 D) 10,000
-Refer to Table 28-7. If the local government imposed a minimum wage of $8 in Productionville, how many people would be unemployed?


A) 0
B) 2,000
C) 5,000
D) 10,000

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