The demand for microwaves in a certain country is given by: D = 8,000-30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the domestic quantity supplied will be ________ microwaves.

Which of the following can be used as money?

A) silver B) emeralds C) coconuts D) all of the above

Westland and Oceania have just started to trade with each other. Westland exports goods produced with skilled labor and imports goods made with unskilled labor from Oceania. Over time, we would expect that in Oceania the wages of unskilled workers will

a. rise, and the wages of skilled labor will fall. b. fall, and the wages of skilled labor will rise. c. rise, and the wages of skilled labor will rise. d. fall, and the wages of skilled labor will fall.