4The minimum wage has a differential impact on small and large firms. What is the net effect of this differential impact on labor employment? Explain.

5There are two important reasons that the measured unemployment rate might incorrectly report the true number of workers who want work but cannot find it. Name them and explain.

6"Workers who under-estimate job injury rates will always be better off if the government imposes a ceiling on job injury rates." Do you agree? Explain.