Use the following to answer questions:
-(Figure: The Labor Market) Use Figure: The Labor Market. What is the size of the labor force at an efficiency wage of $16?
A) 80,000
B) 100,000
C) 110,000
D) 200,000

Question

Use the following to answer questions: 
-(Figure: The Labor Market) Use Figure: The Labor Market. What is the size of the labor force at an efficiency wage of $16?
A) 80,000 
B) 100,000 
C) 110,000 
D) 200,000

Quizplus · Accepted Answer

At an efficiency wage of $16, the number of people who are willing and able to work is 110,000, which is the size of the labor force.

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