The questions below are based on the table below. Fill in the blank spaces first. 
The Supply of Labor is W = 10 + 3QLHow many laborers will be hired and what will the wage be if both product and labor markets are perfect and the going wage is $18 per worker?
What will be an ideal response?
Compare the VMPL with $18 and 4 workers are hired.
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The Basel Accord requires banks to hold as capital an amount that is at least ________ of their risk-weighted assets
A) 10% B) 8% C) 5% D) 3%
Real-world experience shows that when weather conditions reduce crop yields, the price of agricultural products will fall.
Answer the following statement true (T) or false (F)
An example of a voluntary export restriction is a:
A) U.S.-imposed limit on the total number of Honda automobiles imported from Japan. B) regulation specifying that each imported Honda automobile must meet certain emission- exhaust guidelines. C) decision by Japan to ship fewer Japanese-built Hondas to the United States. D) tax of 10 percent of the value of each Honda automobile imported from Japan.
Troughs occur
A. two or three times a year. B. two or three times in every business cycle. C. at the bottom of business cycles. D. about once every 25 years.