Which of the following multinational agreements allows the international movement of workers?
a. NATO
b. The European Union
c. The group of G-8
d. NAFTA
e. The United Nations Accords
b
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Use the following figure to answer the next question. 
If box E represents government, box C businesses, and box A households, then flows (11) and (12) would represent
A. net taxes. B. government expenditures. C. resources. D. goods and services.
When supply is perfectly inelastic, the supply curve is
A) upward sloping but not a straight line. B) vertical. C) downward sloping. D) horizontal. E) a straight line with a 45 degree slope that goes through the origin.
Jake sells Star Wars memorabilia on eBay. His annual revenue is $42,000 per year, the explicit costs of his business are $10,000, and the opportunity costs of his business are $18,000 per year. What are the implicit costs of his business?
A) $8,000 B) $18,000 C) $24,000 D) $32,000
In an oligopoly, when the quantity effect outweighs the price effect:
A. keeping output constant and raising price will increase the firm's profits. B. an increase in output may increase the firm's profits. C. a decrease in output may increase the firm's profits. D. keeping output constant and lowering price will increase the firm's profits.