Late 9. Refer to Exhibit 4-6. Suppose the minimum wage is set at $7. The result...
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Late 9. Refer to Exhibit 4-6. Suppose the minimum wage is set at $7. The result will be .a. a surplus of unskilled workers. b. a shortage of unskilled workers. c. no effect on the market for unskilled labor d. none of the above 10. If goods are not rationed according to price, if follows that a. they won't get rationed at all. . b. some non-price rationing device will be used to ration the goods. a e. first-come-first-served will necessarily be the rationing device used in the market. . d. there will be surpluses in the market. c. none of the above Exhibit 4-6 VLC 201 2 C 9. Refer to Exhibit 4-6. Suppose the minimum wage is set at $7. The result will be .a. a surplus of unskilled workers. b. a shortage of unskilled workers. c. no effect on the market for unskilled labor d. none of the above 10. If goods are not rationed according to price, if follows that a. they won't get rationed at all. . b. some non-price rationing device will be used to ration the goods. d c. first-come-first-served will necessarily be the rationing device used in the market. . d. there will be surpluses in the market. c. none of the above Late 9. Refer to Exhibit 4-6. Suppose the minimum wage is set at $7. The result will be .a. a surplus of unskilled workers. b. a shortage of unskilled workers. c. no effect on the market for unskilled labor d. none of the above 10. If goods are not rationed according to price, if follows that a. they won't get rationed at all. . b. some non-price rationing device will be used to ration the goods. a e. first-come-first-served will necessarily be the rationing device used in the market. . d. there will be surpluses in the market. c. none of the above Exhibit 4-6 VLC 201 2 C 9. Refer to Exhibit 4-6. Suppose the minimum wage is set at $7. The result will be .a. a surplus of unskilled workers. b. a shortage of unskilled workers. c. no effect on the market for unskilled labor d. none of the above 10. If goods are not rationed according to price, if follows that a. they won't get rationed at all. . b. some non-price rationing device will be used to ration the goods. d c. first-come-first-served will necessarily be the rationing device used in the market. . d. there will be surpluses in the market. c. none of the above
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Answer 9 Option A A surplus of unskilled labour At the current price of 7 there is an excess of s... View the full answer
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