When a rich nation buys a product made in a poor nation, in the ...

[bobypop]

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.

[mistyjohnson]

Answer to Question 1

A

Answer to Question 2

D

[bobypop]

Thank you

[mistyjohnson]

Happy to help you