1. Consider the Solow model. If the level of per capital income is below the steady-state level, then the capital-labor ratio will ___. A. rise B. remain unchanged C. fall 2. Consider a beet farmer. As the price of beets falls, the break-even distance. A. remains unchanged B. falls C.Rises 3. As productivity in manufacturing falls, the wages paid in agriculture ___. A. Fall B. Remains unchanged C. Rise 4. Consider two candidates for indenture, with the following characteristics. Abram: 20 year old man Beth: 20 year old woman Everything else equal, who would most likely have a relatively shorter indenture term than the other A. We can't say B. Beth C. Abram 5. Falling shipping costs over the 16th and 17th centuries, had which of the following effects (all else equal)? Select ALL that apply. A. lower retail prices in America B. higher real wages in America C. higher price of slaves D. None of these! lower supply of indentured servants