To finance medical care, the federal government raises the tax per pack paid by sellers of cigarettes. Other things being equal, the price of cigarettes rises because of a(n):
A. upward movement along the supply curve for cigarettes.
B. rightward shift of the supply curve for cigarettes.
C. downward movement along the demand curve for cigarettes.
D. leftward shift of the supply curve for cigarettes.
Answer: D
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Around 1910, the ______________ changed everything, including what was inside the home to where the homes were located
a. Airplane b. Radio c. Automobile d. Television
Assume a simple macroeconomic model. When inventories rise unexpectedly,
A. income is above its equilibrium value. B. income will rise until it reaches its equilibrium value. C. total spending is higher than total output. D. total output is less than spending.
In a market economy, which of the following is an incentive for producers to produce efficiently?
A. The production possibilities curve. B. Profits. C. Government laws and regulations. D. The public's welfare.