The figure below shows the supply and demand curves for oranges in Smallville.At the price of $4 per pound, sellers offer ________ pounds of oranges per day, and buyers want to purchase ________ pounds of oranges a day.

NAFTA probably helped productivity in Mexico's maquiladora sector, but:

a. trade with China has taken on more importance. b. world competition and the close relationship with the United States may have limited its comeback. c. both governments have reversed some of the tariff reductions. d. Mexico has raised taxes on the maquiladoras, and that has caused international tension.

Which of the following union tactics, if successful, would increase wages and create a surplus of labor?

a. collective bargaining to fix the wage above the competitive level b. decreasing the marginal revenue product of the union workers c. increasing the demand for union-made products d. restricting the supply of nonunion products that compete with union-made products e. increasing labor productivity by minimizing conflicts and resolving differences between labor and management