When did the percentage of federal grants in state and local expenditures reach its peak?
A. 1960s
B. 1970s
C. 1980s
D. 1990s
C. 1980s
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Firms in monopolistic competition have rivals that
A) match their price increases. B) match their price decreases. C) agree on a common price. D) set their prices according to the demand curves they face.
If the number of Japanese yen a dollar buys falls, but neither country's price level changes, then the real exchange rate
a. depreciates which causes U.S. net exports to increase. b. depreciates which causes U.S. net exports to decrease. c. appreciates which causes U.S. net exports to increase. d. appreciates, which causes U.S. net exports to decrease.
The accompanying graph shows the cost curves for Moe's mushroom gathering business, which is perfectly competitive. 
In the graph above, the average variable cost curve is labeled ________, the average total cost curve is labeled ________, and the marginal cost curve is labeled ________.
A. C; B; A B. C; A; B C. B; C; A D. A; B; C
The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, then consumer surplus will most likely
A) increase. B) decrease. C) remain unchanged. D) There is not enough information to answer.