The closest a firm can come to being a perfect competitor would be
A. a corn farmer in Kansas.
B. the owner of a small grocery store in St. Louis
C. a used car dealer.
D. a free agent major league baseball player.
A. a corn farmer in Kansas.
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The persistent budget deficits of recent decades are
A) an expected result, because politicians have an incentive to levy taxes rather than spend on current programs. B) surprising, because politicians have a strong incentive to balance the government's budget. C) an expected result, because politicians have an incentive to spend on current programs financed by borrowing. D) surprising, because politicians have a strong incentive to run budget surpluses and thereby indicate that their actions have generated a profit.
The largest exporter of goods and services in the world is
a) China b) European Union c) Japan d) Mexico e) Saudi Arabia
In economics, welfare analysis focuses on
A) income transfer programs. B) food stamp programs. C) international aid programs. D) None of the above.