According to the textbook, NAFTA was expected to help which country exploit its comparative advantage in the production of goods made by unskilled labor?

A steelmaking plant pollutes the air and water so __________

A. the marginal social cost of producing steel exceeds the marginal private cost by the amount of the marginal external cost B. the marginal social cost of producing steel is less than the marginal private cost by the amount of the marginal external cost C. the marginal private cost of producing steel equals the marginal ex-ternal cost plus the marginal social cost D. the marginal private cost of producing steel minus the marginal social cost equals the marginal external cost

Other things being equal, the marginal revenue product for labor hired by a firm that is a monopolist in the output market:

a. is represented by an upward sloping curve. b. is equal to the marginal revenue product for labor hired by a perfectly competitive firm. c. is less than the marginal revenue product for labor hired by a perfectly competitive firm. d. is greater than the marginal revenue product for labor hired by a perfectly competitive firm. e. is equal to the value of marginal product of labor.