In recent years the economy of Japan has grown, despite the fact that the population of Japan has declined. Which of the following would best explain Japan's economic growth despite having a smaller population?

Suppose that a non-discriminating monopolist lowers its price from $75 to $70 in order to sell more output. Marginal revenue will

a. equal $75 b. equal $70 c. be between $75 and $70 d. be less than $70 e. be greater than $75

American unions came under increasing pressure in the 1950s because of stronger competition both at home and abroad

a. True b. False Indicate whether the statement is true or false