Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the labor force is

When the exchange rate between the U.S. dollar and the euro changes from 1.30 euros per dollar to 1.00 euro per dollar the dollar has ________ and U.S. goods have become ________ to people in Europe so that quantity of U.S. dollars demanded ________

A) depreciated; cheaper; decreases B) depreciated; cheaper; increases C) appreciated; more expensive; decreases D) depreciated; more expensive; decreases E) appreciated; cheaper; increases

Which of the following is NOT a potential result of a price floor?

A) excess supply B) price greater than free-market equilibrium price C) Lower quality inputs are used, which increases marginal cost. D) All of the above.