In surveys about inflation during the 1990s, what percentage of the U.S. population as a whole answered “Fully agree” that preventing high inflation was a highly important national priority?
a. 18%
b. 33%
c. 52%
d. 75%
c. 52%
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Refer to the figure below. 
When Row Resorts and Column Cruises both play their dominant strategy:
A. Row Resorts earns a higher profit than does Column Cruises. B. both firms do better than if they had both played their dominated strategy. C. Column Cruises earns a higher profit than does Row Resorts. D. both firms do worse than if they had both played their dominated strategy.
The main policy-making organ of the Federal Reserve System is the
A) Board of Governors. B) Federal Reserve Bank presidents. C) Federal Open Market Committee. D) Joint Congressional Committee on Monetary Policy.
Perfect competition and monopolistic competition are similar in that both market structures include
A) price-taking behavior by firms. B) a homogeneous product. C) no barriers to entry. D) very few firms.
Suppose a monopolist faces the constant price elasticity demand curve:
p = Q? where ? < 0. The monopolist has a constant marginal cost of c. a. If ? < -1, can you determine what price and quantity will the monopolist set? Explain. b. If 0 > ? > -1, what is the price and quantity the monopolist will set?