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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 28-8 Below Is Data About the Labor Market in the State
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Table 28-8 Below Is Data About the Labor Market in the State

Question 642

Question 642

Multiple Choice

Table 28-8
Below is data about the labor market in the state of Northwoods. Table 28-8 Below is data about the labor market in the state of Northwoods.   -Refer to Table 28-8. If the state government imposed a minimum wage of $8, how many people would be unemployed? A) 0 B) 10,000 C) 20,000 D) 40,000
-Refer to Table 28-8. If the state government imposed a minimum wage of $8, how many people would be unemployed?


A) 0
B) 10,000
C) 20,000
D) 40,000

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