In the shortrun (specificfactors) model, foreign direct investment is expected to ________ the marginal product of labor and ________ wages in the receiving country.

In order for a hotel to successfully price discriminate so that senior citizens are given a discount, the hotel must be able to

A) offset the economic loss from charging senior citizens a lower price by lowering the marginal cost of renting rooms to senior citizens. B) lower its prices to younger customers too. C) prevent senior citizens from reselling their rooms to younger customers. D) shift its demand curve rightward. E) determine if a senior citizen can pay a higher price.

Contractionary monetary policy causes

A) aggregate demand to fall and the price level to rise. B) aggregate demand to rise and the price level to rise. C) aggregate demand to rise and the price level to fall. D) aggregate demand to fall and the price level to fall.