Consumer surplus in the unregulated monopoly market in the figure below is: 
A. $8.
B. $4.
C. $0.
D. $16.
Answer: A
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The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level
A) between 130 and 121. B) between 119 and 111. C) of 120. D) of 110.
If a country has a comparative advantage in the production of all goods, it should:
a. specialize in the production of goods with the lowest opportunity cost. b. specialize in the production of goods with the highest opportunity cost. c. specialize in the production of goods with the absolute advantage. d. specialize in the production of goods without the absolute advantage. e. not specialize at all and produce all the goods itself.
The opportunity cost of current household consumption is the
a. wage rate. b. market interest rate. c. price of the goods consumed. d. explicit cost of consumption.
When the Fed sells bonds, the:
A. discount rate increases. B. discount rate decreases. C. federal funds rate increases. D. reserve requirement falls.