If the average variable cost of the fifth hat is $30, then the total variable cost of five hats is
A. $6.
B. $150.
C. $1,800.
D. indeterminate from this information.
Answer: B
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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
The decline in the average number of hours worked over the last century from 60 hours to 40 hours can be explained as a consequence of
a. an increase in nonlabor income shifting labor supply to the left. b. an increase in nonlabor income shifting labor supply to the right. c. a decrease in the demand for labor. d. an improved understanding of the importance of sleep to labor productivity.
If goods X and Y are complements, the
A. quantities demanded of X and Y tend to move in opposite directions. B. quantities demanded of X and Y tend to move in the same direction. C. prices of X and Y tend to move in the same direction. D. supply curves for X and Y tend to move in the same direction.
Describe the potential benefits and the potential costs to global trade of the tremendous growth in regional trade agreements
What will be an ideal response?