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 ________

Suppose there are four industries. Labor costs are 80 percent of total costs in industry A, 60 percent in B, 45 percent in C, and 10 percent in D

In which of these industries will a 10 percent increase in the price of labor reduce quantity demanded of labor by the largest proportion? A) A B) B C) C D) D

The Internet has made it possible to compare lots of prices without incurring a lot of cost. If Internet access is unequally distributed throughout the population one would expect

A) consumers with Internet access to pay a higher price. B) consumers without Internet access to pay a lower price. C) price discrimination against consumers without Internet access. D) firms to charge the same price to all consumers.