When the slope of a country's production set declines, it implies:
a. the production set has shrunk.
b. the marginal cost of producing the good measured on the Y-axis has fallen.
c. the marginal cost of producing the good measured on the Y-axis has increased.
d. the marginal cost of producing the good measured on the X-axis has fallen.
D
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Use to following graph. 
Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. If they are cleaning up Q tons of yucko then they are cleaning:
A. too little. B. too much. C. just the right amount. D. the allocatively efficient amount.
A critical assumption in the classical model is that
a. markets are perfectly competitive in the short run b. markets clear in the long run c. markets clear in the short run d. markets are perfectly competitive in the long run e. all variables are expressed in nominal terms
Which of the following is illegal under the Clayton Act of 1914?
a. Price discrimination as a tool for exploiting market power. b. A person serving on the board of directors of only one company. c. Automobile dealers selling cars from different manufacturers. d. Companies such as fast-food franchisers that allow franchisees to buy inputs, uniforms, and training from a source other than the franchiser.
Today, few U.S.-based manufacturing firms make their products exclusively in the United States out of entirely U.S.-made parts
Indicate whether the statement is true or false