Historical demand curves are always suspect because their demand curves are likely to have shifted over time

A reduction in wage is most likely to:

A) increase worker productivity. B) increase quantity of labor supplied. C) decrease quantity demanded of labor. D) lower worker productivity.

The benefits from international trade include

A. Greater efficiency in the use of the world's limited resources. B. A higher rate of population growth. C. A rightward shift of the production possibilities curve. D. A higher standard of living for every person.