Which of the following taxes is most likely to be regressive?
A. Personal income taxes
B. Corporate income taxes
C. Estate taxes
D. General sales taxes
D. General sales taxes
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
In a Cournot oligopoly, managers determine quantity ________ collusion and the managers at each firm believe that once their rival managers choose their quantity, they ________ change it.
A) with no; will not B) with; will C) with; will not D) with no; will
The firm's break-even point is
A. at point J.
B. at point K.
C. between points J and K.
D. above point K.
Consider the production possibilities frontier displayed in the figure shown. A society faced with this curve currently:
A. can only obtain point C. B. cannot obtain point C. C. cannot - obtain point B. D. can only obtain point D or point A.