Suppose the minimum wage in this economy is $8.70 per hour. an unemployed worker is defined as someone who is willing to work at the prevailing wage but is unable to find employment. because the minimum wage lies above the equilibrium wage, it is binding, which means it is also the prevailing wage. if the wage is not allowed to fall below $8.70 per hour, the size of the unskilled labor force isworkers, andunskilled workers are considered unemployed.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration