A market structure in which a small number of firms compete is called ________
A) a monopoly
B) a small-number market
C) an oligopoly
D) monopolistic competition
C
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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
During the last several decades, the size of the trade sector (exports plus imports) of the United States has been
a. increasing as a share of the economy. b. relatively constant as a share of the economy. c. declining as a share of the economy. d. increasing during periods of recession, but declining during periods of strong economic growth.
Wealth in a variety of forms such as cash, assets, real estate, and accounts receivable is called
a. stock b. flow c. assets d. b and c e. all of these
Exhibit 2-6 Production possibilities curve data A B C D E F Capital goods150 140 120 90 50 0 Consumer goods 0 20 40 60 80 100 In Exhibit 2-6, the concept of increasing opportunity costs is represented by the fact that:
A. the quantity of capital goods produced must be less than 150. B. the quantity of consumer goods is constant for each change in the quantity of capital goods produced. C. greater amounts of capital goods must be sacrificed to produce each additional unit of consumer goods. D. the amount of consumer goods produced must be greater than zero.