As one moves down a straight-line demand curve away from the vertical axis, demand becomes less elastic and then inelastic.

If real GDP per capita in the United States is $8,000 in 2016, and if real GDP per capita is $12,000 in 2026, what is the average annual percent change in the growth rate of GDP per capita between 2016 and 2026?

A) 3.33% B) 5% C) 33% D) 50%

If the federal government initiated a program through which individuals could receive a tax break for acquiring additional training in selected fields, the

a. supply curve for labor in those fields would shift to the left b. demand curve for labor in those fields would shift to the left c. demand for the product produced in those fields would shift to the left d. quantity of labor supplied would rise in response to wages e. supply curve for labor in those fields would shift to the right