The above figures show the market for oranges. Which figure shows the effect of great growing conditions that produce an above-average sized crop?

Which of the following factors are likely to lead to an increase in the female/male earnings ratio in the future?

a. As the labor force participation of women increases, their years of work experience will become more similar to men. b. In recent years, a higher proportion of women have been preparing for careers in the professions. c. As the proportion of families headed by a female parent increases, the average hours worked per week of female employees will decline. d. Both a and b are correct.

If a nation wants to maintain a fixed exchange rate at a time when supply and demand are causing an excess of imports over exports, the nation might

a. shift to a more expansionary monetary policy. b. shift to a more restrictive monetary policy. c. reduce its trade barriers (tariffs and quotas). d. tax exports and subsidize imports.