Bobby is offered two fulltime jobs. In the first job, as a salesperson, he has a 50 percent chance to make $2,000 a month and a 50 percent chance to make $10,000 a month. The second job, as a construction worker, pays $4,500 a month with certainty
Bobby's utility of wealth curve is shown in the figure above. Bobby will take the ________ job because his expected ________ from this job is greater. A) first; utility
B) second; utility
C) second; income
D) first; income
B
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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 following figure shows the free-trade production and consumption in Country Y. AB is the production-possibility curve of Country Y. I1 is the community indifference curve of Country Y. Here, Country Y's production-possibility curve indicates that it faces ________ marginal costs of production.
A. decreasing B. increasing C. constant D. fluctuating
When the economy slows down and national income falls, the government will have ________ tax revenue to fund programs.
A. more B. less C. about the same D. a rapid increase in
In the long run, all of the following are true for a monopolist EXCEPT
A. MR = MC. B. P = MC. C. P > AVC. D. P > ATC.