FILL IN THE BLANKS Using several types of public policies, the government has attempted to alleviate poverty, with varying success. One example is minimum wage laws.

An important effect of this type of policy is that it can result in (higher/lower) unemployment among the workers who are affected by the minimum wage.

The magnitude of the change in unemployment associated with a minimum wage depends on the elasticity of demand for (skilled/unskilled) labor.

The more ( inelastic/elastic) the demand for this type of labor, the lower the unemployment caused by the minimum wage.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of

Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of: