For any competitive labor market, changes that decrease the number of workers will:
A. increase the labor supply and shift the supply curve right.
B. decrease the labor supply and shift the supply curve right.
C. decrease the labor supply and shift the supply curve left.
D. increase the labor supply and shift the supply curve left.
Answer: C
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A school bus is an example of
a. a stationary source c. a nonpoint source b. a mobile source d. none of the above
Assume that C = $3000 + 0.75(Y) and that intended investment = $1,000 . If national income is currently $20,000, then the economy's income will grow
Indicate whether the statement is true or false
Because of the law of diminishing returns, as additional workers are hired, total output
A. Rises at a diminishing rate initially and eventually falls. B. Falls at a diminishing rate at all output levels. C. Rises at a constant rate at all output levels. D. Falls at an increasing rate at all output levels.
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. The amount of consumer surplus under monopoly is equal to area
A. BEC. B. AFE. C. AFC. D. GAB.