Which of the following situations results from a ticket price to a concert set below the equilibrium price?
a. A long line of people wanting to purchase tickets to the concert
b. No line of people wanting to buy tickets to the concert.
c. Tickets available at the box office, but no line of people wanting to buy them.
d. None of the above.
a
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What is the short-run break-even price? What are economic profits at this price? Why would a firm be willing to operate permanently at this price?
What will be an ideal response?
Which of the following could cause the supply of carrots to decrease?
a. Consumers' incomes decrease. b. There is a technological advance in carrot production. c. Fertilizer costs increase. d. The number of farmers growing carrots increases. e. The price of carrots decreases.
The questions below are based on the table below. Fill in the blank spaces first. 
How many will be employed if the product market is perfect and the labor market is imperfect?
What will be an ideal response?
An increase in government spending will have a greater impact on net exports when
A) the marginal propensity to save is smaller. B) the economy is closed. C) the sensitivity of investment to income is smaller. D) all of the above E) none of the above