In the United States, ________ percent of all firms are corporations
A) 18
B) 60
C) 72
D) 82
Answer: A
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When a domestic currency appreciates, domestic firms that export goods and services will benefit from it
a. True b. False Indicate whether the statement is true or false
When a production possibilities frontier is bowed outward, the opportunity cost of one good in terms of the other depends on how much of each good is being produced
a. True b. False Indicate whether the statement is true or false
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
Suppose the game above is repeated every day, and both firms adopt the following strategy: cooperate on the first day, then if the other firm cheats, cheat the next day, and if the other firm abides, abide the next day. This type of strategy is likely to increase the probability that:
A. Bagel World cheats. B. both firms cheat. C. Bagels'R'Us cheats. D. both firms abide.
Drug companies tend to attribute higher drug prices on
A. the low percentage of attempts that actually result in revenue producing drugs alone. B. doctors distributing too many free samples. C. the low percentage of attempts that actually result in revenue producing drugs and high litigation costs on drugs that are ultimately shown to be dangerous. D. high litigation costs on drugs that are ultimately shown to be dangerous alone.