In Figure 32.1, at the supported price-quantity combination where production is unlimited, and government buys the excess, the money consumers pay producers is 
A. 0P*CQ*.
B. 0ABQD.
C. 0PfloorBQD.
D. 0HCQ*.
Answer: C
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In the United States, globalization has caused the demand for unskilled labor to ________ and the demand for skilled labor to ________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
Suppose 10 workers jointly own and farm a piece of land. They all consume the farm's output in equal shares. If one worker decides to shirk and cuts her labor effort by 50 percent,
a. her consumption will decrease by 50 percent. b. her consumption will decrease by greater than 50 percent. c. her consumption will decrease by less than 50 percent. d. her consumption will not change.
Accountants and Economists differ in their calculations of profits in that the former consider
a. sunk costs b. implicit costs only c. explicit costs only d. fixed costs
Related diversification occurs when
A. a business serves itself first before serving others. B. a business serves itself and many other common businesses. C. a business serves others first before serving itself. D. a business serves itself and allows others to serve it.