Firms that are earning zero economic profits are
A. shutting down in the long run.
B. breaking even.
C. shutting down in the short run.
D. earning less than a normal rate of return.
Answer: B
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Cost-push inflation is most likely to occur during a period of
a. falling input costs b. falling unemployment c. rising input costs d. military expansion e. military contraction
Contingent workers are those who have no regular employment arrangement (such as a 40-hour week), but rather work as and where there is work to be done.
Answer the following statement true (T) or false (F)
In Figure 33.1, at the market wage, the consumer surplus is 
A. BW*C. B. BWminEF. C. WminAE. D. W*AC.
In economics, items that are used to produce goods and services are known as
A) wants. B) aggregates. C) factors of need. D) resources.