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; B; C
B. Falling; A; C
C. Falling; A; B
D. Rising; A; C
Answer: D
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One way to make consumers take a positive externality into account in their demand decision is to:
A. place a tax on the item. B. subsidize the purchase of the item. C. tax the producers of the item. D. None of these statements is true.
Coke and Pepsi are an example of:
a. inferior goods. b. unrelated goods. c. substitutes. d. complements.
If a player in a game has a dominant strategy, her choice will depend upon the strategy that another player has chosen.
Answer the following statement true (T) or false (F)
What is a major opportunity cost of going to college on a full-time basis?
A. The cost of transportation to college instead of to a job B. The cost of living expenses (room and board) to attend college C. The foregone income that could be earned working full-time job D. The greater income that will be earned from having a college degree