The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited.At a world price of $160 per bushel, the country produced ________ bushels of wheat and exported ________ bushels of wheat.

The elasticity of supply for paintings by Monet is

A) perfectly elastic. B) perfectly inelastic. C) unit elastic. D) inelastic.

All else being equal, a permanent decrease in the saving rate in a steady-state economy would cause

A. an increase in the capital-labor ratio and a decrease in consumption per worker. B. an increase in the capital-labor ratio and an increase in consumption per worker. C. a decrease in the capital-labor ratio and a decrease in consumption per worker. D. a decrease in the capital-labor ratio and an increase in consumption per worker.