Although he is very poor, Al plays the million-dollar lottery every day because he is certain that one day he will win. Al makes this calculation based upon
A) the frequency of past outcomes.
B) subjective probability.
C) knowledge of all possible outcomes.
D) tossing a coin.
B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
If the cheeseburger costs $2, how many cheeseburgers would you buy
a. 1 b. 2 c. 3 d. 4
Which of the following factors make a barter system inefficient relative to a money system?
a. Unanticipated inflation in the money system b. Gains from trade for buyers in barter transactions come at the expense of an equivalent loss from trade for sellers. c. Complete dependence on double coincidence of wants in a barter system. d. People in close-knit communities cannot trust the quality of the barter goods being exchanged.
What is the present value of? $100 two years from now at an interest rate of? 6%?
A) $6
B) $89
C) $94.34
D) $106