Consumers of the exportable product in the exporting country are most likely to gain when trade is based on

Refer to Figure 4.5. If all 10 students choose Dash, each student will earn ________ extra points

A) 0 B) 2 C) 4 D) 6

Suppose the equilibrium wage rate for apricot pickers is $7.00 per hour and at that wage rate the equilibrium quantity of apricot pickers employed is 14,000. If the minimum wage is set at $7.50 per hour, then the

A) quantity of apricot pickers employed increases. B) quantity of apricot pickers employed decreases. C) quantity of apricot pickers employed does not change. D) wage rate for apricot pickers decreases. E) quantity of apricot pickers demanded does not change, and the quantity of apricot pickers supplied does not change.