The monopolistic competitive firm in short-run equilibrium may experience economic profits that are
A) always zero.
B) greater than, equal to, or less than zero.
C) always positive.
D) always negative.
B
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If the unemployment rate for whites was 5%, then the unemployment rate for blacks would be around
A. 3%. B. 5%. C. 7%. D. 10%. E. 15%.
A politician, who wants to receive the maximum number of votes, spends 9 hours a week speaking to various groups. The table below shows his estimates of how time spent with each group will affect the number of votes he receives: 
Based on the information above, how should the politician allocate his speaking time?
A. 5 hours to LPM, 2 hours to TM, 2 hours to LCL B. 4 hours to LPM, 2 hours to TM, 3 hours to LCL C. 5 hours to LPM, 1 hours to TM, 3 hours to LCL D. 3 hours to LPM, 3 hours to TM, 3 hours to LCL
Which of the following equations is accurate?
a. M × V = P × Q = nominal GDP b. M ÷ V = P × Q = nominal GDP c. M × V = P ÷ Q = nominal GDP d. M + V = P + Q = nominal GDP
In the process of long-term profit maximization, the business makes decisions under the assumption that it can
A. not change any of its costs. B. change only short-term costs. C. vary all the inputs. D. change only long-term costs.