Countries with high population growth rates tend to have lower levels of educational attainment

The classical labor supply function is shown as

a. Ns = g(P/W). b. Ns = g(W/P). c. Ns = t(W/Pe). d. Ns = t(Pe/W).

As a result of heavy spring rains in the Midwest, the corn crop declined sharply. If corn growers experienced an increase in sales revenue, the demand for corn must be

a. price elastic b. price inelastic c. unitary elastic d. perfectly inelastic e. perfectly elastic