Economists believe that the same explanation for the rapid growth of costs applies to services, theatrical performances and restaurant meals

The gross domestic product of a country is $500,000. If its income per worker of the population is $100, the size of its employed labor force is ________

A) 5,000 B) 200 C) 8,000 D) 2,500

If a union successfully restricts the supply of labor to the firm but the union has no effect on the demand for labor, then the

A) wage increases and there is no change in employment. B) wage increases and employment increases. C) wage increases and employment decreases. D) wage increases and there is an unambiguous effect on employment.