Even though international trade is more complicated, supply and demand are still at the center of the price determination mechanism
a. True
b. False
Indicate whether the statement is true or false
True
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From 1800-1860 which part of the nation most supported high tariffs?
a. Southeast. b. New England. c. Southwest. d. Far Western States.
According to the theory of the backward-bending labor supply curve, as the hourly wage keeps rising we
A. eventually reach a maximum number of hours worked. B. eventually reach a minimum number of hours worked. C. keep increasing indefinitely the number of hours worked. D. will work a set number of hours whether or not the wage rate is increased.
Fill out the table and answer the question below. 
Diminishing returns begin with the
A. sixth unit of labor. B. fourth unit of labor. C. first unit of labor. D. third unit of labor.
A country's labor force is equal to
A. the number of employed people. B. the population between the ages of 16 and 65. C. the total number of employed and unemployed people. D. the total number of employed people, unemployed people, and discouraged workers.