One effect of the work requirements of welfare reform has been
a. to make the demand curve for welfare upward sloping
b. to lower the "price" of welfare to recipients
c. to make the supply curve of welfare upward sloping
d. to reduce the amount of hassle involved with going on welfare
e. to raise the "price" of welfare to the recipients
E
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Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Quick Buck and Pushy Sales decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Quick Buck cheats by reducing its price to $1 and Pushy Sales matches the price cut, then if consumers are evenly split between the two firms, what will be Quick Buck's economic profit?
A. $3,000 B. $1,000 C. $1,500 D. $2,000
When a Pigouvian subsidy is imposed on a market with a positive externality efficiency:
A. is not affected. B. increases. C. decreases. D. drops to zero.
The price elasticity of demand can be defined as ______.
a. the percentage change in price divided by the percentage change in quantity demanded b. the percentage change in quantity demanded divided by the percentage change in price c. the percentage change in price multiplied by the percentage change in quantity demanded d. the percentage change in quantity demanded multiplied by the percentage change in price
Which of the following would NOT be considered a determinant of marginal productivity?
A) talent B) gender C) experience D) training