If the demand for a good decreases as income decreases, then the good is a(n):
A. substitute good.
B. inferior good.
C. normal good.
D. complementary good.
Answer: C
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
If the marginal benefit of reducing emissions of some air pollutant is greater than the marginal cost
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In an unfettered free market, price is ____ predictor(s) of an event
A) the best B) only of many C) not a very useful D) a marginal
How would an economist respond to the following statement: "Wanting more goods makes us greedy."