Which is the most accurate statement?
A. In monopolistically competitive industries there are generally too many firms.
B. One of the main problems with monopolistic competition is the lack of variety among goods and services.
C. Most firms in the United States are monopolistic competitors.
D. The biggest problem with monopolistic competition is over-differentiation.
C. Most firms in the United States are monopolistic competitors.
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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
Assume the average annual CPI values for 2015 and 2016 were 207.3 and 215.3, respectively. What was the percent increase in the CPI between these two years?
A) 3.86 B) 0.96 C) 8.0 D) 1.04
If the selling price of a product is $10, the average total cost is $8, and total sales are 5,000 units, the total profit will be
a. $5,000. b. $8,000. c. $10,000. d. $20,000.
Subsidiarity requires nations to give up some of their national sovereignty
Indicate whether the statement is true or false