In the above figure, technological progress that increases the expected profit will

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

A) unemployed workers. B) discouraged workers. C) unhappy workers. D) involuntarily unemployed. E) part-time lookers.

Government mandated safety standard within firms

A) will always decrease efficiency. B) can increase efficiency by avoiding a prisoner's dilemma outcome. C) are unnecessary because of asymmetric information. D) will create unfair competition among firms.