Consider the monopsony in the above figure. The 200th hour of labor creates how much added revenue per hour for the monopsony?

Which is a good example of an increase in total factor productivity?

A) a tax cut B) good weather C) a company reducing its workforce D) better credit conditions

The protectionist view

a. argues that nations should protect their borders from transboundary pollution b. believes that trade can create unfair competition or lose jobs to other nations c. supports environmental policy only if it protects domestic jobs d. ignores environmental issues, focusing only on the effects of trade on competition and employment