During the past quarter of a century, the world's extreme poverty rate (per capita income of less than $1.25 per day) has

What will be an ideal response?

declined substantially.

Economics

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Any change that increases the quantity of labor supplied at all wage rates will ________, assuming all else equal

A) shift the labor supply curve to the left B) cause an upward movement along the labor supply curve C) shift the labor supply curve to the right D) cause a downward movement along the labor supply curve

Economics

Tesla Motors manufacturers its cars at a plant in Fremont, California

At this plant, Tesla is able to take advantage of the high level of technical training possessed by its American workers, but it also sacrifices the ability to pay lower wages had it chosen to open its plant in a low-wage country such as Mexico, India, or China. In deciding to open the Fremont plant, Tesla A) eroded some of its competitiveness in the luxury electric car market because of its increased cost of production. B) faced a trade-off between higher cost and lower precision. C) faced no trade-offs because employing more technically-skilled workers increased efficiency. D) adopted a negative technological change because it chose high-skilled workers over low-paid workers.

Economics