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Author Question: When a rich nation buys a product made in a poor nation, in the poor nation the demand for labor ... (Read 228 times)

bobypop

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on: Jun 29, 2018
When a rich nation buys a product made in a poor nation, in the poor nation the demand for labor ________ and the wage rate ________.
 
  A) increases; rises
  B) increases; falls
  C) decreases; rises
  D) decreases; falls

Question 2

The above figure illustrates the marginal social benefit and marginal social cost for chicken sandwiches. If the quantity is decreased from 6 to 3 and the price increases from 3 to 4, consumer surplus will decrease by
 
  A) 1.50.
  B) 2.00.
  C) 3.00.
  D) 4.50.


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mistyjohnson

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


bobypop

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Reply #2 on: Jun 29, 2018
Thank you :)


mistyjohnson

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Reply #3 on: Jun 29, 2018
Happy to help you


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