In what industrial sector are children most likely to be working?

The above figure shows the market for finish carpenters in Bozeman. If there is a minimum wage set at $18, then there will be

A) unemployment of 200 workers. B) a surplus of 200 workers. C) unemployment of 400 workers. D) a surplus of 400 workers. E) no unemployment of workers and no surplus of workers.

Toward the end of 2008, the U.S. economy was characterized by all of the following except

A) credit tightening by banks. B) rising inflation. C) falling real GDP. D) an unprecedented federal funds rate below 1%.