Constructing an accurate cost-of-living index is difficult because:
A. consumers have different tastes.
B. prices of different goods change by different proportions.
C. prices of different goods change by the same proportions.
D. real and nominal income tend to move together.
B. prices of different goods change by different proportions.
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Before the __________, agreements between oligopolists were unenforceable contracts; afterwards, such agreements were criminal conspiracies
Fill in the blank(s) with correct word
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. Micro Oven's average fixed costs of producing 10 units of output are
A. $30. B. $40. C. $50. D. indeterminate from this information.
A bond is
A. a claim on the assets of a corporation such that the purchaser has an ownership right in the corporation. B. anything of value to which the firm has a legal claim. C. a means of assuring that the business firm will pay its debts or fulfill other legal obligations. D. a promise to pay for the use of someone else's money.
Do economists know the value of the MPC for most economies?
A. Yes, with a high level of precision. B. Yes, with a certainty level of four decimal places. C. No, it is impossible to determine a national MPC. D. Yes, but with some level of uncertainty.