If two markets have the same price elasticity of demand at every price, a monopoly will not practice multimarket price discrimination
What will be an ideal response?
True. If both markets have the same price elasticity of demand, there is nothing to be gained by price discrimination.
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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
Give an example of a trade-off faced by society
Which of the following is TRUE about comparative advantage?
A) Comparative advantage explains trade among nations, but not within nations. B) Comparative advantage explains trade within nations, but not among nations. C) Comparative advantage explains trade within nations and among nations. D) Comparative advantage has nothing to do with trade among nations; it only is concerned with specialization within a firm.
Of the U.S. Federal debt held by foreigners in 2012, China held roughly:
A. 84% B. 67% C. 48% D. 22%