An economy has two workers, Jen and Rich. Everyday they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. What is the opportunity cost for Jen to produce one radio?
A. 1/5 TV
B. 10 TVs
C. 5 TVs
D. 1/10 TV
Answer: A
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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
Suppose a nation's 2010 nominal GDP was $972 billion and the general price index was 90. To make the 2010 GDP comparable with the base year GDP, the 2010 GDP must be:
a) deflated to $678 billion. b) deflated to $896 billion. c) inflated to $1080 billion. d) deflated to $1080 billion.
Refer to the information provided in Figure 13.7 below to answer the question(s) that follow. 
Figure 13.7 Refer to Figure 13.7. The figure shows a ________ monopoly.
A. profit-maximizing B. natural C. patent D. strategic resource
If price is increased by law from a market equilibrium value of $5 to a higher value of $6:
A. producer surplus will decrease and there will be some lost surplus. B. consumer surplus will decrease and there will be some lost surplus. C. both producer surplus and consumer surplus will increase. D. there will be lost surplus, as both producer surplus and consumer surplus decrease.