Figure 17-13 In , if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how many baseballs will the United States import?
a.
4,000
b.
6,000
c.
8,000
d.
10,000
e.
12,000
a
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As the amount of labor used in production increases, total product
a. increases at low levels of labor and decreases at high levels labor. b. increases at high levels of labor and decreases at low levels of labor. c. always increases. d. always decreases.
"As the price of personal computers continues to fall, demand increases." This headline is inaccurate because:
A. a change in the price of personal computers shifts the supply curve. B. a falling price of personal computers increases the quantity demanded, not demand. C. the statement is backwards: increased demand leads to lower prices. D. a change in the price of personal computers shifts the demand curve.
If the total population is 200 million, the labor force is 100 million, and 92 million workers are employed, then the unemployment rate would be
A. 8%. B. 6%. C. 4%. D. 10%.
Refer to the figure below. The socially optimal level of output could be achieved by imposing a tax on each unit equal to the distance ________. 
A. EG B. EF C. AC D. BC