________ means the supply curve has shifted to the right, while ________ refers to a movement along a given supply curve in response to an increase in price
A) An increase in supply; a decrease in supply
B) A decrease in supply; an increase in supply
C) An increase in supply; an increase in quantity supplied
D) A decrease in supply; a decrease in quantity supplied
Answer: C
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Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
If Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price, then what will be Mega's economic profit?
A. $150 B. $100 C. $50 D. $0
If Abigail can make more candles in one day than Pierre, then Abigail has an absolute advantage in making candles
Indicate whether the statement is true or false
A decrease in the nominal money supply would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Which of the following are taxed?
a. both corporate profits and dividends paid to stockholders b. corporate profits but not dividends paid to stockholders c. dividends paid to stockholders but not corporate profits d. neither corporate profits nor dividends paid to stock holders