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This video lesson is from the 2002B AP Microeconomics Exam. This video is designed for students to practice the question to enhance their content knowledge on factor markets, and as a resource for teachers to use in their classroom. There is no audio in this video lesson, just a continuous video of the questions and answers. The overall objective is for students to pause the video, answer the questions, and play the video to see if they get the questions correct. This is where teachers can explain why the answer is correct to their students if needed. I hope you find this video lesson helpful. Part (a) if an industry closes, what happens to wage rate and the number of workers hired? Part (b) if the government implements a minimum wage, what happens to the number of workers employed and the number of laborers looking for employment. Part (c) if there is an increase in demand of goods produced, what happens to employment?
