Foundations of Economics, 8th Edition

Chapter Checkpoint

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Study Plan Problems and Applications

Use the events in List 1, which occur in the United States one at a time, to work Problems 1 to 4.

List 1

Table 1 Full Alternative Text

1. Sort the items into four groups: those that change the production function, those that change the demand for labor, those that change the supply of labor, and those that do not change the production function, the demand for labor, or the supply of labor. Say in ...