When markets open up to international trade, we know that total surplus will rise
a. True
b. False
Indicate whether the statement is true or false
True
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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
To know whether the dollar is overvalued, we need to know
A) what foreign currency the dollar is being compared with. B) the real interest rate in the United States and the real interest rate in whatever country's currency the dollar is being compared with. C) the equilibrium exchange rate between the dollar and the foreign currency the dollar is being compared with. D) whether Federal Reserve monetary policy is expansionary or contractionary. E) There is not enough information to answer the question.
The ability to use price discrimination is ______.
a. available only to government regulated firms b. exclusive to government-owned monopolies c. available to all firms who are currently profitable d. available only to firms with market power
Which of the following is true about real wages?
What will be an ideal response?