Which of the following describes the difference between the market demand curve for a perfectly competitive industry and the demand curve for a firm in this industry?
A) The market demand curve is downward sloping; the firm's demand curve is a vertical line.
B) The market demand curve is downward sloping; the firm's demand curve is a horizontal line.
C) The market demand curve is a horizontal line; the firm's demand curve is downward sloping.
D) The market demand curve can not have a constant slope; the firm's demand curve has a slope equal to zero.
B
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The one uncontroversial statement at the foundation of "supply-side" theory is that
A) cutting income tax rates raises the tax base by enough to increase tax revenues. B) income taxes reduce the after-tax reward to work and saving. C) reducing income taxes would significantly increase work effort. D) reducing income taxes would significantly increase personal saving.
Political instability is a deterrent to long-term private investment
Indicate whether the statement is true or false
If foreign input prices increase and the United States is a purchaser of those inputs, then the U.S
A) AD curve will shift leftward and U.S. prices will fall. B) AD curve will shift rightward and U.S. prices will rise. C) SRAS curve will shift leftward and U.S. prices will rise. D) SRAS curve will shift rightward and U.S. prices will fall
The questions below are based on the table below. Fill in the blank spaces first. 
If the product and labor markets are both imperfect, what will be the wage rate paid to the laborer?
What will be an ideal response?