The discretionary fiscal policy initiatives adopted in 2009 were intended mainly to
A. decrease aggregate supply.
B. increase aggregate demand.
C. decrease aggregate demand.
D. increase aggregate supply.
Answer: B
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If SnuggleTight, a pillow-making firm in Long Island, NY, incurs losses by producing where its MR = MC, then at least in the short run, it should
a. shut down b. increase output c. decrease output d. remain at that output level only if P > AVC e. remain at that output level only if P > ATC
Full-cost transfer-pricing frequently:
A. understates the opportunity costs of external transfers. B. understates the opportunity costs of internal transfers. C. overstates the opportunity costs of internal transfers. D. overstates the opportunity costs of external transfers.
When a dinner in Bulgaria costs 150 Bulgarian levas, it will cost a U.S. resident ________ dollars, if the exchange rate is 1.5 Bulgarian levas to the dollar
A) $10 B) $100 C) $120 D) $150
Examine Figure 37.1. What is the tuition charged to the student in a market that has a subsidy equal to the external benefit? 
Figure 37.1
A. T2 B. T1 C. T* D. The answer is unknown from this diagram.