Other things being equal, a ____ supply of workers tends to ____ real wages

Refer to the table above. If imports falls to $45,000 in the next year, ________, all other variables remaining unchanged

A) gross domestic product will fall by $5,000 B) gross domestic product will fall by $ 10,000 C) gross domestic product will increase by $5,000 D) gross domestic product will increase by $ 10,000

When the demand curve for an input is a derived demand this means that

A) the demand curve is derived from the demand for the final product being produced. B) the demand curve depends upon the MFC. C) the law of diminishing marginal product does not hold. D) the demand curve slopes upward.