Refer to the figure below. At P = 8 and Q = 4, D1 is ________ elastic than D2, which is shown graphically as D1 being ________ D2. 
A. more; steeper than
B. more; flatter than
C. less; steeper than
D. less; flatter than
Answer: C
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Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people cyclically unemployed for the year 2004.
A. 200 B. 100 C. -100 D. 0
The monopolistically competitive firm maximizes profit by producing to the point at which
A) ATC = AVC. B) MC = MR. C) MR = AR. D) MC = AR.
In making promises that are not guaranteed by third parties and in imposing penalties that are not enforced by third parties, all of the following are credibility-enhancing mechanisms except
a. establishing a bond forfeited by violating the commitment b. investing in a non-redeployable reputational asset tied to the promise or threat c. interrupting the communication of negotiated compromises d. offering a warranty e. delivering a hostage (e.g., a patent license triggered by violating the promise)
Factories owned by U.S. firms on the Mexican side of the U.S.-Mexico border are:
A. an important source of foreign direct investment in Mexico. B. not an example of foreign direct investment in Mexico. C. troubling for the Mexican government. D. harmful to Mexico's efforts to increase their economic growth.