When people become unemployed because of a higher minimum wage, this type of unemployment is called:

In the final two decades of the twentieth century, average per capita global income

A) decreased by approximately 6 percent. B) increased by approximately 35 percent. C) increased by more than 75 percent. D) remained relatively unchanged.

If the labor market is competitive, a monopoly output market will result in

A) a lower wage than that of a competitive output market. B) a higher wage than that of a competitive output market. C) less labor hired than in a competitive output market. D) more labor hired than in a competitive output market.