An individual who possesses a specialized skill that is difficult to execute will
a. necessarily receive wages considerably higher than those who lack this skill.
b. receive a wage determined by the number of other persons possessing this skill.
c. receive a high wage only when this skill is in great demand relative to its supply.
d. receive a wage rate that is lower than similarly productive individuals who lack this skill.
C
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The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200. 
If Ava had to pay the entire marginal cost of spending a day in the hospital, then she would choose to stay ________ day(s).
A. 0 B. 2 C. 3 D. 1
New Keynesian inflation dynamics predicts that an increase in aggregate demand will generate, in chronological order
A) a rightward movement along a horizontal short-run aggregate supply curve, a short-run increase in real GDP, an upward shift in the short-run aggregate supply curve, and an increase in the price level. B) a leftward movement along a horizontal short-run aggregate supply curve, a short-run decline in real GDP, a downward shift in the short-run aggregate supply curve, and a decrease in the price level. C) an leftward shift in a vertical short-run aggregate supply curve, a short-run decline in real GDP, an upward movement along the short-run aggregate supply curve, and an increase in the price level. D) a rightward shift in a vertical short-run aggregate supply curve, a short-run increase in real GDP, an upward movement along the short-run aggregate supply curve, and an increase in the price level.
The figure above shows the market for coffee. If more coffee plantations are planted in Brazil and Vietnam so that the supply of coffee increases, the efficient quantity of coffee will ________ and the consumer surplus will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
An aggregate supply (AS) curve depicts the relationship between
What will be an ideal response?