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; B; C
B. Falling; A; C
C. Falling; A; B
D. Rising; A; C
Answer: D
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When we consider solving a free rider problem through changing social norms, it is helpful to remember:
A. all costs aren't financial. B. social disapproval can be considered a cost. C. conflict with those in your community can be considered a cost. D. All of these statements are true.
Oligopolistic firms never collude because they have almost no incentive to do so.
Answer the following statement true (T) or false (F)
The conservative theory of poverty blames _____ for welfare dependency.
A. the poor B. the government C. both the poor and the government D. neither the poor nor the government
If a country exports the products it can produce at a low opportunity cost and imports the products it would otherwise produce at a high opportunity cost, we say that such trade is based on the
A. arbitrage pricing theory. B. theory of absolute advantage. C. theory of factor endowments. D. theory of comparative advantage.