Which of the following organizations works with developing countries to secure low-interest loans that foster economic growth?

Consider the same monopoly situation as in the previous question. The deadweight loss (compared to a single firm behaving as if it were perfectly competitive) is about

a. 667 b. 333 c. 1,000 d. 1,333

A local labor market for lawn-mowing workers is initially in equilibrium. If researchers develop a new inexpensive grass seed that provides a lush, slow-growing lawn, which of the following will occur in the short run?

a. Both labor demand and labor supply will drop, leading to a higher wage rate but lower employment. b. Both labor demand and labor supply will rise, leading to a lower wage rate and lower employment. c. Labor demand will drop, leading to a lower wage rate and higher employment. d. Labor supply will drop, leading to a higher wage rate and lower employment. e. Labor demand will drop, leading to a lower wage rate and lower employment.