Soozie's Smoothies employs ten workers. Each worker works eight hours per day. The ten workers are able to make 240 smoothies per day. The labor productivity is therefore ________ smoothies per person/hour.

The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited.With an export subsidy of $20 per bushel, the cost to the government of paying the export subsidy is

A. $600 million. B. $2.2 billion. C. $3 billion. D. $1.2 billion.

At $5.15 per hour, the 2007 inflation adjusted minimum wage was

A. statutorily constant. B. nearing a 50-year low. C. slightly above the historical average. D. at an all-time high.