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Choose the best answer.  What is NOT a trait of a perfect competition?

Demand is inelastic if:

What is GDP using the table shown? Government Purchases 12 Exports 7 Imports 3 Transfer Payments 8 Investments 5 Consumption 7 Net Foreign Factor Income -3

What 2 gases make up 99% of our atmosphere?

Refer to the following graph. A price ceiling would be binding, resulting in a market shortage if it is set at:

What effect will including discouraged workers have on the unemployment rate?

You have now completed your first course in economics.  Thanks for your hard work and your willingness to engage in a sometimes difficult subject.  I hope you have been equipped for some of the challenges and choices you will face, (because hey!  Economics is the study of choices).  I wish you all the best as you venture forward and go on with your lives.  

Suppose the marginal cost of taking an economics course is $2500 and the marginal benefit is worth $2600 to you. Following economic reasoning, you should:

The atmospheric pressure is highest at ___________ and would be lowest at ______ A. The beach at the ocean B. The top of Mount Everest

Match each scenario/phenomena to the effect that best describes it.