Technological advances shift the supply curve rightward
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose inflation is expected to be 5 percent next year, and you and your employer agree to a 6 percent increase in your nominal, or monetary, wage. If inflation turns out to be 5%, what is your nominal wage increase?
Households in the United States more completely smooth out expenditures on
A) durable goods and nondurable goods than on services. B) durable goods than on nondurable goods and services. C) nondurable goods and services than on durable goods. D) services and durable goods; nondurable goods.
One danger associated with calls for fairness based on reciprocity is that calls for fair trade may be invoked in cases where foreign restrictions on domestic exports do not actually exist
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the fifth pound of cheese is
A. $1. B. $3. C. $6. D. $24.