If the demand for movies increases at the same time as the movie industry adopts labor-saving technology for producing movies, the equilibrium price for movies will increase, but the effect on the equilibrium quantity of movies is ambiguous
a. True
b. False
Indicate whether the statement is true or false
False
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The figure below shows the supply and demand curves for oranges in Smallville. 
What is the marginal cost of producing the tenth pound of oranges?
A. $4 B. $2 C. $5 D. $3
Monopolies are inefficient because, at the profit-maximizing output level,
A) MC = MR. B) MC does not equal MR. C) MB = MC. D) MB does not equal MC. E) P = ATC.
The Soviet Union's economy grew rapidly in terms of GDP per hour worked in the 1950s, but eventually this growth slowed. Why did this occur?
A) Capital per hour worked grew rapidly from 1950 to 1980, but technological change occurred very slowly. B) The centrally planned economy invested too heavily in technological change. C) Increasing implementation of new technologies eventually suffered diminishing marginal returns. D) Capital per hour worked grew slowly, but technological change grew very rapidly.
Under fixed exchange rates
A) monetary policy is not an effective policy. B) fiscal policy is not an effective policy. C) monetary policy and fiscal policy are not effective. D) both monetary and fiscal policies are effective. E) monetary policy has an unpredictable effect on the domestic money supply.