What will be the principal and most immediate effect on the supply or demand for raw cotton grown in the United States if the price of fertilizer used in cotton production increases?

As firms reduce their stock of capital, labor demand ________ and labor supply ________

A) decreases; stays the same B) decreases; decreases C) increases; stays the same D) increases; increases

Refer to Figure 13.2. Oliver's political views place him at the L4 position and George's political views place him at the C4 position. Based on the two candidates' political views, Sam Butcher decides to enter the race as a third-party candidate

Oliver refuses to change his political views and so remains at the L4 position. Sam espouses political views that place him at the C2 position. Not wanting to lose any conservative votes to Sam, George decides to alter his political views so he, too, ends up at the C2 position. In this situation, who is indifferent about all three of the candidates? A) Alice B) Jan C) Cindy D) Peter