The best example of an economic goal of a firm is
A) providing good products/services to its customers.
B) improving its public image.
C) increasing employee morale.
D) increasing shareholder wealth.
D
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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
In 2003, China's control of the value of the yuan became an economic and political issue for the U.S. because:
A) increased U.S. exports to China. B) decreased U.S. exports to China. C) increased China imports from the U.S. D) none of the above.
If a monopolist lowers its price to increase sales from 100 to 200 units, then the
a. price at the 200th unit will be less than the marginal revenue of the 200th unit b. price at the 100th unit will be greater than the marginal revenue of the 200th unit c. profit earned producing 200 units will be greater than the profit earned producing 100 units d. price at the 200th unit will be greater than the marginal revenue of the 200th unit e. profit earned producing 100 units will be greater than the profit earned producing 200 units
An economic model is a:
A. realistic version of an economic environment. B. detailed version of an economic issue. C. fictional representation of an entire economy. D. simplified representation of an economic environment.