The above figure shows a labor market with minimum wage equal to $16. In this figure, after taking account of search costs, what area equals the workers' surplus?
A) area A
B) area B
C) area C
D) area D
E) area E
D
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Individuals play ____ in causing pollution
a. almost no role b. a large but decreasing role c. a major role d. a reconstructive role
Refer to Figure 18.4. With free trade, how many gloves are produced domestically in Duckland?
A. 100 B. 80 C. 60 D. 0
If the exchange rate (dollars per unit of foreign currency) has increased, we say there has been a(n)
a. appreciation of the foreign currency b. depreciation of the foreign currency c. revaluation of the foreign currency d. devaluation of the foreign currency e. fixing of the foreign currency
As a measure of economic welfare, GDP underestimates a country's production of goods and services when there is an increase in
A) the production of military goods B) the productions of antipollution devices C) crime prevention services D) household production E) legal services