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-The Table Above Shows the Labor Market for the Country

Question 315

Multiple Choice

-The table above shows the labor market for the country of Pickett. When the labor market is in equilibrium, the real wage rate is ________ and ________ of labor a year are employed. A) any value less than $25 an hour; any value greater than 40 billion hours B) any value greater than $30 an hour; any value more than 40 billion hours C) any value greater than or equal to $25 an hour; any value less than 40 billion hours D) $30 an hour; 40 billion hours
-The table above shows the labor market for the country of Pickett. When the labor market is in equilibrium, the real wage rate is ________ and ________ of labor a year are employed.


A) any value less than $25 an hour; any value greater than 40 billion hours
B) any value greater than $30 an hour; any value more than 40 billion hours
C) any value greater than or equal to $25 an hour; any value less than 40 billion hours
D) $30 an hour; 40 billion hours

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