Of the following high-income countries, which has the lowest mortality ratio for cancer?
A) Canada
B) Japan
C) the United Kingdom
D) the United States
Answer: D
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Using Figure 1.4, you can tell that 
A. there is unemployment. B. there is constant opportunity cost. C. the technology does not exist to produce 9 units of soda and 3 units of pizza. D. the technology does not exist to produce 6 units of soda and 2 units of pizza.
A purely competitive firm is producing at the point where its marginal cost equals the price of its product. If the firm increases its output, then total revenue will:
A. Increase and profits will increase B. Decrease and profits will increase C. Increase and profits will decrease D. Decrease and profits will decrease
Those who will lose from free trade are ________ factors in sectors that produce goods that are ________
A) immobile; also imported B) mobile; also imported C) immobile; exported D) mobile; exported E) mobile; untraded
A central bank has three traditional tools to conduct monetary policy: open market operations, reserve requirements, and discount rates.
Select whether the statement is true or false. A. True B. False