Holding other factors constant, if oil prices rise relative to the prices of other products, then the real wages of oil workers will ________ and employment of oil workers will ________.

Which of the following is considered a political obstacle to economic growth?

a. Few government subsidies b. Low foreign investment c. Lack of entrepreneurial talent d. Explosive population growth e. Insecure property rights

Any combination of goods lying outside of the budget line:

A. implies that the consumer is not spending all his income. B. yields less utility than any point on the budget line. C. yields less utility than any point inside the budget line. D. is unattainable, given the consumer's income.