If a firm experiences gains from specialization as it increases its scale of production, we would expect its long-run average cost curve to be:

A country's labor demand curve shifted to the right after the adoption of a new technology. This implies that the use of the new technology ________, assuming all else equal

A) reduced the marginal product of labor B) lowered the minimum wage that firms need to pay C) increased the minimum wage that firms need to pay D) increased the marginal product of labor

Most U.S. redistribution occurs from _____

a. high-income individuals to low-income individuals b. middle-income individuals to low-income individuals c. middle-income individuals to middle-income individuals d. low-income individuals to middle-income individuals