Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A
B. Falling; A; C
C. Falling; B: C
D. Rising; A; C
Answer: B
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The type of good with the smallest trade deficit in the U.S. based on data from 2016 is:
A. foods, feeds, and beverages. B. capital goods. C. industrial goods. D. automotive goods.
Camila is a homemaker. Last week, she was busy with her normal household activities. How would the Bureau of Labor Statistics classify her?
a. A member of the civilian labor force who is employed. b. A member of the civilian labor force who is unemployed. c. A member of the civilian labor force who is underemployed. d. A discouraged worker who is not a member of the labor force. e. Not a member of the labor force.
A U.S. firm that outsources jobs would be
A. Buying raw materials from a Chinese firm instead of a U.S. firm. B. Buying computers assembled in Mexico that used U.S. parts. C. Building a factory in Canada and hiring Canadian workers. D. All of the choices are correct.
When evaluating a business decision, an economist will often resort to the use of present value because
A. the profits may not be large enough to warrant the time and attention of the investor. B. the investment is often under one set of managers and the profits under another. C. the investment is often in one currency and the profits in another. D. the investment occurs in one time period and the profits in another.