5. For consumers, goods A and B are complementary goods. The cost of a resource used in the producti
6. The price of a gallon of milk falls. Which of the following is a possible cause?(A) Milk is a nor
8. When the price of a movie ticket increases from $5 to $7, the quantity of tickets demanded decrea
9. The table below gives costs at Jan’s Bike Shop. Unfortunately, Jan’s record keeping has been spot
11. Suppose firms in a perfectly competitive industry are making economic profits. As a resultI. new
12. If Dell Computer Company could produce more computers at lower long-run average cost by increasi
14. If firms in a monopolistically competitive industry are making an economic profit, then(A) new f
15. The table below displays the possible outcomes for Bob and Joe, who have been arrested for armed
16. If Nike, an American corporation, produces sneakers in Thailand this would(A) count for both Tha
17. The calculation of the final goods and services sold in an economy would NOT include(A) Ford Mot
20. An observer of the economy notices that over the past 12 months the unemployment rate has fallen
21. In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 an
22. If an economy tried to use bananas as money, which function would bananas likely have the mostdi
23. If real GDP is $10 trillion and the velocity of circulation is 2, the quantity of money(A) is $2
26. A key issue in the presidential election of 2012 between President Obama and Mr. Romney concerne
27. In general, the steeper the aggregate expenditure curve, the(A) greater autonomous expenditure.(