Refer to Table 20-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate in between 2015 and 2016?

Refer to the table above. The opportunity cost per dollar of value added in designing shoes by workers in Laborland is ________

A) $0.25 B) $0.50 C) $2 D) $4

What will be the principal and most immediate effect on the supply or demand for raw cotton grown in the United States if new EPA regulation, which prohibit the use of certain pesticides and herbicides widely used by cotton farmers, are introduced?

A) Decrease in demand B) Decrease in supply C) Increase in demand D) Increase in supply