The short-run supply curve for a perfectly competitive firm is that part of the firm's marginal cost curve that lies above the minimum point of its average variable cost curve
Indicate whether the statement is true or false
TRUE
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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
The resource market is the same as the product market except that, in the resource market:
a. the demand curve slopes upward. b. the households are the sellers and the firms are the buyers. c. there is no substitution effect. d. the supply curve is perfectly inelastic. e. there is no income effect.
At equilibrium, if quantity supplied is 16, quantity demanded
A. is less than 16. B. is 16. C. is more than 16. D. cannot be found without more information.
How does the labor force participation rate of women compare to that of men in the United States?
A. The labor force participation rates between the two groups is about the same. B. Women participate less than men when young (20-34 years old) but at the same rate as men in later years (35-54 years old). C. Men participate less than women at all ages. D. Men participate less than women when young (20-34 years old) but at the same rate as women in later years (35-54 years old). E. Women participate less than men at all ages.