1.The demand for labor curve is identical to the:

a.marginal revenue product curve.

b.total revenue curve.

c.marginal revenue curve.

d.marginal resource curve.

2.Suppose Well-Made Pharmaceuticals knows that its newest prescription drug can cause severe side-effects, but it doesn't inform the users of the prescriptions about these side-effects. When the side-effects become public knowledge after an investigation,

a.the demand curve will shift to the right.

b.the supply curve will shift to the left.

c.the quantity will increase.

d.the price will decrease.

3.Deregulation, especially for the transportation and telecommunication industries, was the trend in the United States during the:

a.1950s and it means elimination or phasing out of government restrictions on economic activity.

b.1930s and it means increasing or phasing in government restrictions on economic activity.

c.1980s and it means elimination or phasing out of government restrictions on economic activity.

d.1970s and it means increasing or phasing in government restrictions on economic activity.