Increasing wage rates will result in more hours worked.
A. True
B. False
C. Uncertain
C. Uncertain
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The majority of American workers are employed in the service sector of the economy.
Answer the following statement true (T) or false (F)
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
The problem of moral hazard arises because _____
a. individuals receive insurance through their employer, who has different incentives b. individuals with insurance have no incentive to avoid insured expenditures c. some individuals have religious objections to purchasing insurance d. some individuals are immoral
How will price, output, and profit compare if firms maximize sales rather than profit?