Suppose that the market for labor is initially in equilibrium. If the firm employs labor-saving technology, the equilibrium wage
a. and the equilibrium quantity of labor will rise.
b. and the equilibrium quantity of labor will fall.
c. will rise, and the equilibrium quantity of labor will fall.
d. will fall, and the equilibrium quantity of labor will rise.
b
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Blanket standards on imports usually address issues affecting:
A. domestic consumers. B. domestic producers. C. foreign production practices. D. They can be used to address any of these.
The Coase bargaining solution is named after:
A. Ronald Coase. B. John Coase. C. William G. Coase. D. Alexander Coase.
Refer to the graph below. 
Which of the shifts explains what will happen to the production possibility curve if the cost of producing books goes down while the cost of producing DVDs goes up?
A. I B. II C. III D. IV
Sticky Cakes is a bakery. A decrease in the wage rate that Sticky Cakes pays its workers
A) does not shift its MC curve or its ATC curve. B) shifts its MC curve downward but not its ATC curve. C) shifts both its MC curve and its ATC curve downward. D) does not shift its MC curve but shifts its ATC curve downward.