Which of the following does not explain why U.S. wage rates are higher than wage rates in developing countries?
a. better education and training of workers in the United States
b. greater availability of capital in the United States
c. use of the latest technology in the United States
d. higher productivity in the United States
e. unstable business conditions in the United States
E
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Refer to Figure 10.1. Suppose the individual is initially at point b. Based on the figure, the individual could afford to increase his utility by:
A. consuming more today and less tomorrow.
B. consuming more today and more tomorrow.
C. consuming more tomorrow and less today.
D. consuming less today and less tomorrow.
An increase in supply is graphically represented by a leftward shift of the supply curve
Indicate whether the statement is true or false
A firm in a competitive input market can
A) hire workers at the going wage. B) hire additional workers only by raising wages. C) hire additional workers at lower wages because those who are still unemployed are anxious to work. D) hire additional workers only after a long search process.
Referring to Figure 34.3, the price that this promoter will choose will 
Figure 34.3
A. be such that there are many empty seats. B. sell out the facility. C. be where the demand curve crosses the marginal cost curve. D. sell out the facility and will be where the demand curve crosses the marginal cost curve.