Increases in productivity per person lead to increases in per capita income, which we call:
A. economic growth.
B. the GDP deflator.
C. the producer productivity index.
D. GDP per capita.
Answer: A
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Use the figure below to answer the following question. 
A decrease in supply is depicted by a
A. movement from point x to point y. B. movement from point y to point x. C. shift from S2 to S1. D. shift from S1 to S2.
Ultimately, tariffs ________ prices for imported goods and ________ prices for domestic goods
A) raise; raise B) raise; lower C) raise; do not affect D) do not affect; do not affect
From a firm's viewpoint, opportunity cost is the
A) best alternative use customers can find for the firm's output. B) cost the firm must pay for the factors of production it employs to attract them from their best alternative use. C) accounting cost of resources. D) price a firm can charge for its output. E) cost of acquiring the opportunity to sell to its customers.
Which of the following will NOT cause a rightward shift in the demand curve for beer?
A) A change in the price of beer B) A health study indicating positive health benefits of moderate beer consumption C) An increase in the price of French wine (a substitute) D) A decrease in the price of potato chips (a complement) E) none of the above