To say that a firm is competitive in the labor market is to say that the firm can choose
a. both the wage it pays its workers and the number of workers it hires.
b. neither the wage it pays its workers nor the number of workers it hires.
c. the wage it pays its workers, but it cannot choose how many workers to hire.
d. the number of workers it hires, but it cannot choose the wage it pays its workers.
d
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The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper. 
If Row Restaurant publishes coupons, Column Cafe would earn the highest profit if it:
A. only offered coupons half of the time. B. also published coupons. C. did not publish coupons. D. chooses either strategy because Column Cafe will have the same profit in either case.
Describe the provisions of the Sherman Act
What will be an ideal response?
Political candidates in a two-person race prefer to be viewed as occupying the center of the political distribution because
A) occupying the center is a sign of being a leader. B) political candidates usually prefer to maintain the status quo and the center is the status quo. C) the electorate is largely in the "wings" (extreme ends) of the political distribution. D) whoever comes closer to the center usually wins the election.
If policy makers decide to decrease the inflation rate very slowly, it is referred to as ______.
a. indexing b. going cold turkey c. de-escalation d. gradualism