Per-unit taxes have which effect on the equilibrium price of a good?
a. They cause demand curves to shift downward, thus lowering price.
b. They cause demand curves to shift downward, thus raising price.
c. They cause supply curves to shift downward, thus lowering price.
d. They cause supply curves to shift upward, thus lowering price.
e. They cause supply curves to shift upward, thus raising price.
E
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Lula Panagis, a bright new Ph.D. in economics, turned down many job offers because she hopes eventually to receive an offer from one of the top 10 universities. The type of unemployment she is experiencing is
a. frictional b. structural c. involuntary d. cyclical e. underemployment
If the price of crude oil fell significantly, which of the following would be most likely to happen?
a. The price of air travel would increase. b. The demand for large cars would increase. c. The price of gasoline would increase. d. The wages of workers in the automobile industry would fall.
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, if R = 1, S = 2, and T = 3, what value do you expect Y will have?
A. -4,559 B. 1,345 C. 3,289 D. 143 E. 6,578
A firm will begin to experience diminishing returns at the point where
A. marginal cost decreases. B. marginal product increases. C. marginal cost increases. D. Both B and C are correct.