The labor-market-supply curve illustrates that, as the wage rate increases, the number of hours that each person is willing and able to work rises

Assume that there is an increased demand in the United States for European wines. If all other factors are held constant, this change will result in

A) an increase in the exchange rate for euros. B) an appreciation of the dollar. C) a movement along the demand curve for euros. D) a decrease in the value of the euro.

In the early colonies, private landholdings

a. gradually replaced common ownership. b. occasionally supplemented common ownership. c. were only legalized after 1650. d. were the norm from the very beginning of colonization.