Everyone in an economy tends to do better when we experience:
A. high economic growth, low unemployment, and high inflation.
B. steady economic growth, low unemployment, and stable prices.
C. steady economic growth, high unemployment, and stable prices.
D. high economic growth, high unemployment, and low inflation.
D. high economic growth, high unemployment, and low inflation.
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Refer to the figure below. If the price of a latte increases from $2.00 to $2.50: 
A. the change in total expenditure, if any, would depend on the supply curve. B. total expenditure would stay the same. C. total expenditure would increase. D. total expenditure would decrease.
Economists believe a volunteer military is likely to
A) cost more than a conscripted military. B) cost taxpayers more than a conscripted military would. C) impose higher costs on military personnel than does a conscripted military. D) increase the percentage of incompetent people in the armed forces.
GDP measures:
a) A country's income b) A country's wealth c) Consumer spending d) Net trade income
Coase bargaining works best in a situation with a large number of affected parties and the transactions costs of bargaining are relatively low.
Answer the following statement true (T) or false (F)