Refer to Figure e. Brandon and Allie want to go on a date one summer evening. Allie is a Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against each other. Each would rather watch their favorite team, but neither can force the other to watch a particular game, and each is willing to suffer through the other's game if it means time together. If Brandon watches the Mets, what is Allie's best response?
A. Allie should watch the Red Sox.
B. Allie should watch the Mets.
C. It does not matter which Allie watches; she is indifferent between the Red Sox and the Mets.
D. Allie should not consider Brandon's choice when making her decision.
B. Allie should watch the Mets.
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When a country imports a good or service from the rest of the world, the consumer gains because the greater the ________ in price and ________ in quantity bought, the greater is the ________ to the consumer
A) fall; decrease; gain B) rise; increase; gain C) fall, increase; gain D) fall; increase; loss E) rise; decrease; gain
When two goods are perfect substitutes, the
a. indifference curve is a downward-sloping straight line. b. marginal rate of substitution is constant. c. indifference curve is a vertical straight line. d. Both a and b are correct.
In an open economy, the quantity supplied of bikes in the domestic market is ________. 
A. 80,000 thousand B. 50,000 thousand C. 20,000 thousand D. 100,000 thousand
Answer the following questions true (T) or false (F)
1. Monopolistically competitive firms face a perfectly elastic demand curve. 2. New firms are able to enter monopolistically competitive markets because there are low barriers to entry. 3. Firms in monopolistic competition compete by selling similar, but not identical products.