Agreeing to take a drug test offered by a potential employer is a method of:
A. signaling.
B. screening.
C. building a reputation.
D. statistical discrimination.
Answer: A
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
The neighborhood ice cream shop finds that when it charges $3 per ice cream cone, its total revenues are $90,000 . It has total variable costs of $30,000 and total fixed costs of $40,000 . From this we can infer the
a. shop should be moved because the rent is too high b. price is less than average total cost c. economic profits are $20,000 d. shop will be closed in the long run e. shop sells 10,000 ice cream cones
If a trader is short in the cash market, she has the capability to deliver a commodity
a. true b. false
The change in total cost resulting from a one-unit increase in the change in quantity is:
A. average variable cost. B. marginal cost. C. average total cost. D. opportunity cost.