When the price of movie tickets in a certain town was reduced, the movie-theaters' revenues did not change. This suggests that the demand for movie tickets in that town has a price-elasticity coefficient of:

Other things being equal, the effect of a downward shift of the economy's net export schedule on equilibrium GDP will be similar to a(n):

A.  Rightward shift in the investment-demand schedule B.  Downward shift in the consumption schedule C.  Upward shift in the consumption schedule D.  Upward shift in the investment schedule

An economy operating inefficiently is graphed as a point ______ the production possibilities curve.

a. above
b. inside
c. outside
d. on