Tackle the Test: Multiple-Choice Questions

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  1. Question

    QJhObizE9FGkwgDZ23VFZ0K1ZFsCUwigJWGzfrq6F2xzrozjxQYoo34hF4Zezw1sl+OpFzG7CFetFCoSzI3OkdQ4U4VI878wFe/R5wOj4eXGv4hVZ46seYtytUCauFqvDKnV5I+rSKRJ187QwDmBsW9iWyzdQdaYaRot3TOFUPiXbRSWafW4lPYhW2gH5PfQVblpMDEapx6VZgPcSdZjLXvJFsrcCaGc4ZjcdnhNvIMpJN9ZT1knMASSpDzF1QhrXnIN/CsKG8RC4XnCVeBpGog/hWlEC2dBFZ3eU946HGOjGkBZzZzwh1bEs66yLRIDQrC0ACvKgerPCYJZSLaKBfG8wX4m6RkPVbXl8yIVtJVrXGsMWa4HHKKxq7rGwbIdzE8eGGStqlrK3mQpU4aCmHvrua9ydJAS4bwdSTsf0CK2WCQ+o1yYUrd7IJD1mg4p+F9N8dcj+ebL1NUngyzd87lu2/T/DeKfQ83Z7g+95O71IeLUsSEWrBuyPrmm+fwaELi7pYiiWzs2+9NV2mpUjK1VNkLLL3R39hO3ACYiYWyoHDKXokvSR9gySWlBKixeIXX79A3ol5Qro3mYo2QQQHTOIlvjuO2GML4dy6Itn3HHtBGmcpE1BJHZPQjbuAsXCc4eBkXMmZCJU/1gwyWsGMymQKDsHLIIWXtQj+iEw/A9IeYfRyzeUZrIoSe35s2L/4nB4x/y7dUosgYWhMwTd88kdFtao+tU6jntg/FhYzLmJKwtQkWYe3eVH9B1dlHq20YI4uccVNSJY3N8Cd2XtgvqaqnB8SbrgVIEittXIYKNCdcfgPbGz3U9ii0XLqlI40tS/rlZma7E5h2n/CyCtUU43wuxtz/XFo2jdJIEopAgSYLCOs1EtFJ6Rs1uK8wmfNWig0ixObHKeZXF4qbNQV/HS4XA10+Q9gW2W9UkFVXO4oAGAgElL/tRRvo854nK7KZTaBNEwWA0SY5DXkJ7uGzRLt8+MhZlGkPSIYPhHPFjHVhh/NrSQwYaWypun32hv7T03rOYvlVtAxW+t4sqrHQbv+1JP7ioQxngnqQ82M9UGcJkT/uGRjcheOmVZ/7J0N7W/qdnHgEWTTDbTGfgFR2kyC872eApPyHv4/jUUdlsxlchb1UmcVRAs1rLcFnplILVvlLB9fGJ95zENEpIx5LNXT8JiHxyfqiGWctJEJZrGJrl0XsgW0IXYBtMxKHQIo/ie+Rtd+GyLS2RKAq9qB25mUI3ZHy37mz1qTGJQvmi5BLFqV9ayWnHXOkvVO1ELsFOYddkFna+TyMxyifr+BWXAvhE34fATHjV66yS7ig=
    To be effective, a price ceiling must be set
  2. Question

    Refer to the graph provided. A price floor set at $5 will result in

    image
    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
  3. Question

    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
    Effective price ceilings are inefficient because they
  4. Question

    Refer to the graph provided. If the government establishes a minimum wage at $10, how many workers will benefit from the higher wage?

    image
    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
  5. Question

    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
    Refer to the graph for Question 4. With a minimum wage of $10, how many workers are unemployed (would like to work, but are unable to find a job)?