According to the "law of demand"
A) demand generates a supply sufficient to satisfy the demand.
B) nothing will be produced unless there is a demand for it.
C) people will purchase less of a good when its price rises.
D) wants are indefinitely expansible and can never be fully satisfied.
E) whatever people want will eventually be supplied.
C
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A study of the impact of various government policies on economic growth would be considered:
A. marginal economics. B. microeconomics. C. government economics. D. macroeconomics.
The longest and most severe recession in the United States since 1925 began in:
A. 1929. B. 1957. C. 1945. D. 1982.
The largest major change in the U.S. labor force participation rate during the last few decades has been
A. the increase in the number of working women. B. the number of prisoners dropping out of the labor force. C. the decrease in the number of working women. D. the increase in the number of illegal immigrants in the United States.
Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Mega cheats on the agreement by reducing its price to $1 and Acme matches the price cut, then if consumers are evenly split between the two firms, Acme's economic profit will be ________.
A. $100 B. $200 C. $150 D. $75