If the supply curve is more inelastic than the demand curve, then:
A. the sellers will bear a smaller tax incidence than the buyers.
B. the sellers will bear a greater tax incidence than the buyers.
C. the sellers will bear an equal tax incidence as the buyers.
D. Any of these could be true.
Answer: B
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Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as "unemployed" she
a. does not have to have looked for work. b. must have looked for work no more than a week ago. c. must have looked for work no more than four weeks ago. d. must have looked for work no more than twelve weeks ago.
Which statement is definitely true about shelter in the above below? 
A. It has a positively sloped section in its demand curve. B. It is a normal good throughout the range shown. C. It is an inferior good throughout the range shown. D. The income and substitution effects must be shown before any of these statements can be definitely true.
Which of the following is true about inflation?
A. Inflation promotes social harmony by uniting people against the government. B. Inflation is more damaging if it is anticipated. C. Accurate anticipation of inflation is possible for everyone who is well informed about economic events. D. Those who lend money at a rate below the rate of inflation suffer economic losses.
Short-run movements in nominal exchange rates are primarily due to:
A. inflation differentials. B. changing prices of goods and services in the countries involved. C. changing expected rates of return on domestic and foreign assets. D. changes in exports.