Which of the following is a drawback of FDIC insurance?
A. FDIC insurance leads to excess industry profits.
B. FDIC insurance has failed to arrest the trend of bank failures.
C. FDIC insurance leads to the problem of moral hazard.
D. FDIC insurance undercuts private insurance companies.
Answer: C
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After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced competition from other companies. To maintain its market share, De Beers
A) lowered the prices of its diamonds to make the market appear less profitable to potential competitors. B) began buying so-called "blood diamonds" in order to keep these diamonds out of the control of other diamond companies. C) bought diamond mines in Canada and Russia that had been its competitors. D) adopted a strategy of differentiating its diamonds. Each of its diamonds is now marked with a microscopic brand.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. At We Do Hair, a monopolistically competitive firm, the ________ perm is $32.
A. profit-maximizing price for a B. marginal cost of a C. average total cost of a D. profit on each
Microeconomics is best described as the study of
A. inflation, unemployment, gross national product, and the nation's economy as a whole. B. the choices made by individual households, firms, and governments. C. marginal changes in the economy. D. how markets interact in the aggregate economy.