Refer to the following nonlinear model which relates W to P, Q, and R:W = aPbQcRdThe computer output form the regression analysis is: 
Based on the info above, if Q increases by 8% (all other things constant), W will
A. increase by 99.2%.
B. increase by 0.99%.
C. decrease by 12.5%.
D. decrease by 99.2%.
Answer: A
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Juanita has just opened a new business selling pet supplies through the Internet
A) Juanita is an entrepreneur. B) Juanita is not providing economic goods since people purchase the goods. C) Juanita is not providing economic goods since pet supplies are not being sold in a store. D) Juanita is not an entrepreneur since there are other businesses that sell pet supplies.
A rise in the government budget deficit
a. increases the interest rate so in the market for foreign-currency exchange, supply shifts right. b. increases the interest rate so in the market for foreign-currency exchange,supply shifts left. c. decreases the interest rate so in the market for foreign-currency exchange, supply shifts left. d. decreases the interest rate so in the market for foreign-currency exchange supply shifts right.
Using the quantity equation, if the velocity of money grows at 5 percent, the money supply grows at 10 percent, and real GDP grows at 4 percent, then the inflation rate will be
A) 19 percent. B) 15 percent. C) 11 percent. D) 6 percent.
The proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own, is called
a. the Pigovian theorem. b. a corrective tax. c. the externality theorem. d. the Coase theorem.