Refer to the figure below. What might cause a shift from the original demand curve to the new demand curve? 
A. A decrease in the price of tea.
B. An increase in the price of coffee creamer.
C. An expectation that coffee prices will fall in the future.
D. An increase in consumers' tastes for coffee.
Answer: D
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Suppose sugar and artificial sweeteners are perfect substitutes for Sam. Her indifference curves for those two goods would be
A) downward-sloping and convex to the origin. B) downward-sloping and straight lines. C) L-shaped. D) downward-sloping and concave to the origin.
Two firms, each producing different goods, can achieve a greater output than one firm producing both goods with the same inputs. We can conclude that the production process involves
A) diseconomies of scope. B) economies of scale. C) decreasing returns to scale. D) increasing returns to scale.
Having a goal that does not include making a profit can often explain why the unprofitable idea has not been implemented. These types of ideas may include:
A. helping the poor. B. making great art. C. promoting social justice. D. All of these.
he dumping of chemicals into a lake, which contaminates the drinking water, is an example of:
A.) Income transfers. B.) A monopoly. C.) An externality. D.) Factor mobility.