Based on the labor market diagram below, if the minimum wage is set at $10 per hour, there will be ________ unemployed workers.

In Figure 11.1, an increase in the marginal propensity to consume is represented by a change in the consumption function from

A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.

Economists generally agree that price controls in the U.S. would

A. increase prices to consumers. B. increase the motivation to invent new drugs and diminish profits to drug companies. C. increase the motivation to invent new drugs. D. diminish profits to drug companies.