Use the above table. If the marginal revenue product is $30, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?

In stage III of the demographic transition,

(a) the birth rate and the death rate are relatively low. (b) the birth rate and the death rate are relatively high. (c) the birth rate is relatively high and the death rate is relatively low. (d) the birth rate is relatively low and the death rate is relatively high.

The responsibility of paying for the Social Security benefits for currently retired individuals falls on

A) current and future workers. B) the retired people themselves. C) no one, since the government prints the money. D) only working people over 50 years of age.