A firm in a perfectly competitive market faces a demand curve that is
a. perfectly elastic.
b. relatively elastic.
c. perfectly inelastic.
d. relatively inelastic.
A
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Aneta has owned an Italian sports car for several years and now she wants to sell it. She paid $8,500 for it in 1993 and she has just sold it for $39,000 in 2015 . How is this sale included in the GDP for 2015?
a. $8,500 is included in 2015 GDP b. $39,000 is included in 2015 GDP c. The increase in value of $10,500 is included in 2015 GDP d. It is not included in 2015 GDP
Which of the following was NOT an argument in favor of the United Kingdom (UK) leaving the European Union (EU)?
A. Proponents of leaving wanted greater control over immigration. B. Proponents of leaving believed the UK paid a disproportionate share of membership fees. C. Proponents of leaving wanted greater access to markets in the other EU member countries. D. Proponents of leaving stressed that the UK needed to reestablish British sovereignty.
Which of the following statements is true?
A) Only government policymakers can improve decision making by using economic principles. B) Only government policymakers and business managers can improve decision making by using economic principles. C) Only business managers and individuals can improve decision making by using economic principles. D) Government policymakers, business managers, and individuals can all improve decision making by using economic principles.
Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The firm's marginal revenue will be negative at
A. prices between $4 and $8. B. $9. C. all prices. D. $3.