The closer we are to the production possibilities frontier and the farther away we are from the origin,
A. the more unemployment there is.
B. the less unemployment there is.
C. the only way to produce more guns will be to give up some butter production.
D. the only way to produce more butter will be to give up some gun production.
B. the less unemployment there is.
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The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper. 
The payoffs of this game are such that:
A. both firms would benefit from a law that made publishing coupons illegal. B. an agreement not to publish coupons would be easy to maintain because neither firm has an incentive to defect. C. profit at each firm is higher when they both follow their dominant strategy than when they both follow their dominated strategy. D. if Row Restaurant expects Column Cafe to choose its dominant strategy, then Row Restaurant should choose its dominated strategy.
A green pasture has turned barren due to overgrazing. This happened because the pasture was ________
A) excludable and rival B) non-excludable and non-rival C) excludable but non-rival D) non-excludable but rival
The price elasticity of supply tells us:
A. the percentage change in quantity supplied when the price of the good changes by one percent. B. in which direction the quantity supplied changes as we move along the supply curve. C. how quickly the supply will respond to a change in price. D. the magnitude of shift in the supply curve in response to a change in price.
In a market economy, what provides potential investors with reliable information about the financial performance of a firm?
A. contracts B. insurance C. patents D. accounting rules