Suppose that a community seeks to preserve air quality, and zones a “green belt” around the city, which prevents property development within the belt. What is the most likely result of this law?

Wages that are above the wage that workers would accept, where the premium is paid to increase worker productivity, are referred to as:

A) wage floors. B) wage ceilings. C) efficiency wages. D) productivity wages.

The supply curve of a depletable natural resource is usually

a. downward sloping because the resource runs out over time. b. upward sloping because more of the resource can be profitably extracted at higher prices. c. upward sloping because the price of the resource rises over time. d. vertical because the supply of the resource is fixed.