When economists say an individual displays economizing behavior, they simply mean that she is
a. making a lot of money.
b. buying only those products that are cheap and of low quality.
c. learning how to run a business more effectively.
d. seeking the lowest cost method to accomplish her objectives.
D
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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; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Tucker Corporation sells its product for $5.00 . Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is:
a. $5.00 or less per hour. b. $1.00 or more per hour. c. $25.00 or less per hour. d. none of these.
In order to prosper, entrepreneurs must
a. undertake projects that create wealth and increase the value of resources. b. find ways to prevent technological change. c. have their own wealth with which to finance projects that they want to undertake. d. undertake projects that use resources that are more valuable than is the output they produce.
One trait a central bank has over other businesses including banks is that it:
A. receives all of its funding from the government. B. doesn't have stockholders. C. doesn't have a board of directors. D. can control the size of its balance sheet.