Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. Prior to the imposition of the payroll tax, this labor market ________ at a wage of $7.00 and employment of 800 workers.
A. was paying too high a wage rate
B. was employing too many workers
C. was employing too few workers
D. was in equilibrium
Answer: D
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Assume that Japan and the United States are engaged in a system of flexible exchange rates. One US dollar will purchase how many Japanese Yen?
A major cause of environmental degradation in developing countries is
(a) debt for nature swaps. (b) poverty. (c) a lack of public transportation. (d) land reform.
The widespread availability of e-mail has likely increased the price elasticity of demand for the services of the U.S. Postal Service
a. True b. False Indicate whether the statement is true or false
Suppose there are 100 firms of equal size currently sharing the market for peanut butter. If 12 of these firms merge, how much will the Herfindahl-Hirschman Index change?
a. increase by 144 b. decrease by 144 c. increase by 132 d. decrease by 132 e. increase by 232