Refer to the information provided in Figure 8.3 below to answer the question(s) that follow. 
Figure 8.3
Refer to Figure 8.3. The marginal cost of the ninth basketball is
A. less than $2.
B. $2.
C. $3.
D. greater than $3.
Answer: A
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Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?
A) cyclical B) forced C) structural D) frictional E) search
It is not likely that the costly special-interest farm price supports will be replaced by more efficient direct transfer payments because
a. farming would cease b. such a proposal would attract public attention and threaten the survival of the program c. the private gains from price supports exceed the costs to society d. a direct transfer program would require too much paperwork e. consumers favor the current legislation
Suppose that the "Millennial" generation values leisure more than past generations. We can expect a decrease in the labor supply as the Millennials enter their prime working ages and a corresponding decrease in wages
a. True b. False Indicate whether the statement is true or false
A form of oligopoly in which a dominant firm sets the price and all smaller firms in the industry follow the dominant firm's pricing policy is called
A. a cartel. B. the contestable markets model. C. the price-leadership model. D. the Cournot model.