Musashi wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Musashi buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story.

a. Jake can easily determine that the price of the computer is more than the price of the vacation.
b. Jake has $1,574 in his checking account.
c. Jake writes a check for $1,299.

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An economic theory that calls for workers to take control of factories is .

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.