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
Answer: B
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The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. If the market is perfectly competitive and unregulated, the equilibrium price per ton will be
A) $70. B) $80. C) $90. D) $100.
How do economists try to disentangle cause and effect?
What will be an ideal response?
Which of the following statements is true?
A. A production process is either economically efficient or technically efficient but never both. B. A production process must always be both economically efficient and technically efficient. C. Any economically efficient production process is always technically efficient. D. Any technically efficient production process is always economically efficient.
Exports ________ GDP and imports ________ GDP.
A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease