The three ways of reducing a government budget deficit are to
A) decrease government spending, reduce consumption, increase the tax rate.
B) increase government spending, decrease real income, reduce the tax rate.
C) decrease government spending, increase real income, reduce the tax rate.
D) decrease government spending, increase real income, increase the tax rate.
D
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Migration of educated individuals from developing- to developed countries is referred to as the
a. survival of the fittest b. demographic transition c. disguised unemployment d. brain drain e. none of the above
If the Fed wants to raise interest rates, then it can use its open market operations to:
A. increase the money supply. B. decrease the money supply. C. increase money demand. D. decrease money demand.
Consider the monopoly in the figure below with price regulated at $2 per unit. In this market, ________ units will be exchanged. 
A. 3 B. 8 C. 4 D. 5
If we observe a firm engaging in price discrimination, it must be true that:
A. the firm is enjoying higher total profits than it would have earned if it charged a single price for the product. B. the firm can identify the preferences of every customer it serves. C. the firm earns higher profits per unit than it would have earned if it charged a single price for the product. D. All of these are correct.