Jorge is the proud owner of The Peppered Speakeasy. When the economy collapsed, he had to lay off 20 percent of his employees. They must look for new work and are considered

The minor league system in professional baseball can be thought of as a

A) screening tool. B) signaling tool. C) form of statistical discrimination. D) being used for the wrong reasons.

The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). The current price is 35¢ per minute. If the price were to increase by ten cents per minute, consumer surplus would

A) fall to $820. B) fall by $84. C) fall by $58. D) fall to $369.