Based on wage setting behavior, we know that a reduction in the unemployment rate will cause

If Country A opens up their corn market to trade with the rest of the world and the global price of corn is lower than the equilibrium price of corn in Country A, then Country A will ________ corn, which will ________ consumer surplus, ________

producer surplus, and ________ total surplus. A) import; increase; decrease; increase B) import; decrease; increase; increase C) export; increase; decrease; increase D) export; decrease; increase; increase E) export; decrease; increase; decrease

There is less of a principal-agent problem between managers and apple pickers than between managers and secretaries because

a. apple pickers naturally work harder b. secretaries get paid less than their worth c. productivity is easier to measure in apple picking than in secretarial services d. a secretary's marginal product is easier to estimate than an apple picker's e. managers can watch apple-pickers more closely than they can secretaries