The supply curve reflects the marginal ______.
a. cost to sellers
b. cost to buyers
c. tax rate
d. subsidy rate
a. cost to sellers
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In an open economy, the quantity demanded of TVs in the domestic market will be ________. 
A. 120,000 B. 30,000 C. 90,000 D. 60,000
In 2008, the current account balance was -$706 billion and the capital and financial account balance was +$711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts summed was ________
A) -$5 billion; zero B) negative; negative C) positive; positive D) +$5 billion; zero E) not enough information to determine; negative
Gross revenue minus explicit and implicit costs is equal to
A) net worth. B) accounting profit. C) economic profit. D) opportunity cost.
Some people make purchases without complete information because:
A. they are irrational. B. the opportunity cost of getting more information outweighs the benefit of having more information. C. the benefit of having more information outweighs the opportunity cost of acquiring it. D. No one makes purchases without complete information.