Wealthy countries increasingly feel that trade:
A. is sometimes acting as a barrier to poorer countries' development.
B. is an effective political tool to use against poorer countries.
C. can sometimes be a more powerful lever than aid to help poorer countries develop.
D. can help poorer countries development, but hurt their overall growth.
C. can sometimes be a more powerful lever than aid to help poorer countries develop.
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From 1970 to 2010, the real price of a college education increased, and total enrollment increased. Which of the following could have caused this increase in price and enrollment?
A) A shift to the right in the supply curve for college education and a shift to the left in the demand curve for college education. B) A shift to the left in the supply curve for college education and a shift to the right in the demand curve for college education. C) A shift to the left in the supply curve for college education and a shift to the left in the demand curve for college education. D) none of the above
The labor supply curve is typically upward sloping because as the wage rate rises,
a. it will exceed the reservation wages of more individuals b. the opportunity cost of leisure falls c. the demand for the good produced by labor increases d. the marginal revenue product of labor falls e. the marginal revenue product of labor rises