Exit from a perfectly competitive industry causes the market supply curve to shift to the left, resulting in a lower quantity of output and a higher price

Rationing when goods have suddenly become more scarce, by asking people to make sacrifices voluntarily for the sake of others, discriminates against people who are

A) considerate. B) poor. C) unethical. D) unwilling to sacrifice. E) wealthy.

Efficiency wages do not lead to:

A. structural unemployment. B. wages above their equilibrium level. C. lower firm profits. D. increased worker productivity.