It is possible that an increase in wages will lead to a decrease in the quantity of labor supplied.

When a major car company lowers its prices, other car makers will probably

a. maintain existing prices. b. raise their prices. c. go out of business. d. lower their prices.

Which of the following describes the Soviet Union's economy through most of the second half of the 20th century?

A) The Soviet economy grew slowly because of the slow rate of technological change. B) The Soviet economy grew because it added labor through immigration policy in the 1950s. C) The Soviet economy increased capital per worker very slowly from 1950 through 1980. D) The Soviet economy grew rapidly in the latter half of the 20th century.