In Figure 45.4, when compared to the perfectly competitive equilibrium, the number of workers hired as a result of unionization 
Figure 45.4
A. increases from L' to L*.
B. remains at L'.
C. remains at L*.
D. decreases from L* to L'.
Answer: D
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?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Which of the following is true?
A. Nigel has both an absolute and comparative advantage in producing hair pins B. Nigel has both an absolute and comparative advantage in producing bandanas C. Nigel has neither an absolute nor comparative advantage in producing hair pins. D. Nigel has neither an absolute nor a comparative advantage in producing bandanas.
Number 11. According to the figure, expansionary monetary policy will cause an economy that is initially at full-employment output to go from equilibrium ______ to equilibrium ______ in the short run.
a. A; C b. A; B c. A; D d. C; B