Airlines that charge higher prices for customers who purchase their tickets at the last minute are:
A. perfect price discriminators.
B. lowering total economic surplus.
C. price discriminating by identifying passengers with higher reservation prices.
D. not price discriminating because the cost of the ticket is not the same.
Answer: C
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Transfer payments are excluded from government purchases in GDP accounting because
A) they are a reward to individuals who have been productive their entire lives. B) they are difficult to measure. C) nothing is being produced in return for the payment. D) they are already included as part of investment.
Which of the following would decrease the current account balance of the United States?
A) a decrease in the amount of money the U.S. government sends in foreign aid to other countries B) a decrease in imports C) a decrease in the amount of income U.S. companies pay out to foreigners who own investments in the U.S. D) a decrease in the balance of trade
This graph depicts the demand for a normal good. 
A movement from A to C in the graph shown might be caused by:
A. a decrease in price. B. an increase in price. C. a decrease in income. D. an increase in income.
During the month of May, 10 million workers moved from being classified as "unemployed" to being classified as "employed." As a result
A) the unemployment rate rose. B) the labor force participation rate fell. C) the unemployment rate fell. D) the labor force participation rate rose.