Discrepancies in profitability tempt rivals to charge the more profitable consumers somewhat lower prices in order to lure them away from the firm that is “overcharging” them. This practice is referred to as
A. collusion.
B. price dealing.
C. skimming.
D. market penetration.
Answer: C
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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
The GDP can overstate the economy because ___________.
a. it excludes self-production, increased leisure time, and improved health. b. it includes self-production, increased leisure time, and improved health. c. it excludes harm caused by pollution, crime, and income inequality. d. it includes harm caused by pollution, crime, and income inequality.
Refer to the following graph. The price of labor is $3 per unit: 
What is the marginal rate of technical substitution at point B?
A. 0.75 B. 1 C. 1.7 D. 0.6
Sue has a checking account at the First National Bank; her checking account is a(n):
A. liability to Sue until she spends the funds. B. asset to Sue but actually a liability to the Federal Reserve. C. asset to the bank and a liability to Sue. D. asset to Sue and a liability to the bank.