0. Basic Principles of Economics

Which of the following best describes how inflation impacts the purchasing power of money over time?

Which of the following statements is correct regarding different types of markets?

When there is a constrained resource in production, the best way to increase profits is to:

Which of the following areas of economics studies issues such as ways to reduce teenage smoking?

Which of the following statements about the discipline of economics is NOT true?

Which of the following was a result of the passage of the Hawley-Smoot Tariff Act?

Why were so few violations of the Sherman Antitrust Act brought to court in the years following its passage?

In a mixed economy, how is the decision of 'how to produce' typically made?

In microeconomics, economic profits are:

Which type of power can a local community use to influence a company's decisions?

In times of rising prices, which of the following best describes the economic phenomenon occurring?

What was the primary effect of the introduction of the cotton gin in the United States in 1793?

In which type of markets do investors sell shares of their companies in countries and cities around the world?

Which of the following best describes the impact of globalization on domestic markets in the United States?

Which of the following goods is an intermediate good?