Wants are
A) another term for needs.
B) the things people would consume if they had unlimited incomes.
C) the things people consume with their income.
D) all the things people really need in order to live comfortably.
B
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The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200. 
If Ava had first-dollar medical insurance, then she would choose to stay ________ day(s) in the hospital.
A. 3 B. 1 C. 2 D. 4
The following table shows Jay's estimated annual benefits of holding different amounts of money.Average money holdingsTotal benefit$100$20$200$29$300$36$400$41$500$44 How much money will Jay hold if the nominal interest rate is 4 percent? (Assume he wants his money holdings to be in multiples of $100.)
A. $300 B. $100 C. $400 D. $200
A union shop is a
A. strike by a union in sympathy with another union's strike or cause. B. business enterprise in which employees must belong to the union before they can be hired and must remain in the union after they are hired. C. business which may hire nonunion members conditional on their joining the union by some specified date after employment begins. D. dispute involving two or more unions over which should have control of a particular jurisdiction.
In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.
In which of the diagrams above would we see a shortage at the initial price after the indicated curve has shifted?
A. (1) and (4) B. (2) and (3) C. (1) and (3) D. (2) and (4)