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. After firms can respond to the payroll tax, the per-hour wage that workers take home will ________ compared to the original equilibrium wage.
A. increase by $3
B. increase by $5
C. decrease by $5
D. decrease by $2
Answer: D
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Realizing the problems with import substitution, some Asian countries have instead:
A. supported export-led growth. B. become isolationist, like North Korea. C. practiced contractionary monetary policy. D. worked to maintain a fixed exchange rate.
The degree of income inequality can be expressed with a:
a. Laffer curve b. Lorenz curve c. Lector curve d. Phillips curve
Which of the following would shift the investment demand curve rightward?
a. Lower expected rates of return on investment in capital goods b. Greater inventories of capital goods c. Higher business taxes on capital goods d. A more rapid rate of technological progress
The balance of payments is made up of three accounts: the merchandise trade account, the service account, and the investment income account.
Answer the following statement true (T) or false (F)