A) 0 workers.
B) 2,000 workers.
C) 4,000 workers.
D) 5,000 workers.
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A) create unemployment.
B) do not apply in states with right-to-work laws.
C) affect highly-educated workers more than high school dropouts.
D) cause labor shortages,which further raise wages above equilibrium.
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A) 0
B) 4,000
C) 5,000
D) 8,000
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A) teenagers.
B) people with advanced technical training.
C) people who are self-employed.
D) union members.
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A) 3,000
B) 4,000
C) 5,000
D) 7,000
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A) reduces structural unemployment.
B) reduces frictional unemployment,
C) increases structural unemployment.
D) increases frictional unemployment.
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A) $6
B) $8
C) $12.
D) $14.
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A) 0
B) 4,000
C) 6,000
D) 12,000
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A) 0
B) 2,000
C) 4,000
D) 10,000
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A) increases both the quantity demanded and the quantity supplied of labor.
B) decreases both the quantity demanded and the quantity supplied of labor.
C) increases the quantity of labor demanded but decreases the quantity of labor supplied.
D) decreases the quantity of labor demanded but increases the quantity of labor supplied.
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A) 3,000
B) 4,000
C) 5,000
D) 7,000
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A) 0
B) 2,000
C) 4,000
D) 8,000
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A) 0
B) 1,000
C) 5,000
D) 9,000
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A) 0
B) 4,000
C) 8,000
D) 12,000
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A) increases both the quantity demanded and the quantity supplied of labor.
B) decreases both the quantity demanded and the quantity supplied of labor.
C) increases the quantity of labor demanded but decreases the quantity of labor supplied.
D) decreases the quantity of labor demanded but increases the quantity of labor supplied.
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A) $6
B) $8.
C) $12.
D) $14.
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A) above equilibrium and cause a surplus of labor.
B) above equilibrium and cause a shortage of labor.
C) below equilibrium and cause a surplus of labor.
D) below equilibrium and cause a shortage of labor.
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A) Frictional unemployment results from the process of matching workers and jobs.
B) Structural unemployment results when the number of jobs is insufficient for the number of workers.
C) Minimum wages are the predominant reason for unemployment in the U.S.economy.
D) When a minimum-wage law forces the wage to remain above the level that balances supply and demand,it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
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A) shortage of labor.Minimum wage laws are not the predominant reason for unemployment in the U.S.
B) shortage of labor.Minimum wage laws are the predominant reason for unemployment in the U.S.
C) surplus of labor.Minimum wage laws are not the predominant reason for unemployment in the U.S.
D) surplus of labor.Minimum wage laws are the predominant reason for unemployment in the U.S.
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