In the European model the stakeholder plays a less prominent role than in the Anglo-Saxon model

In the table above, what is the level of unemployment (in millions of workers) if the minimum wage is set at $8 per hour?

A) 0 B) 1 C) 3 D) 4

Carl is considering attending a concert with a ticket price of $35 . He estimates that the cost of driving to the concert and parking there will total an additional $20 . In order to attend the concert, Carl will have to take time off from his part-time job and forgo studying for an exam scheduled for the next morning. He estimates that he will lose 3 hours at work, at a wage of $6 per hour, plus

2 hours of study time. Carl's opportunity cost of attending the concert equals a. $73 plus the value of the higher exam grade he could earn by studying longer b. $73 c. $35 plus the value of the higher exam grade he could earn by studying longer d. $35 e. $55 plus the value of the higher exam grade he could earn by studying longer