According to the quantity theory of money, inflation is attributable to increases in:

Each firm in a cartel has an incentive to chisel because market price exceeds:

a. marginal cost. b. average cost. c. average variable cost. d. average fixed cost.

Which of the following is the best example of a health-care service with a large public good component?

a. a hair-growing treatment provided to a twenty-five year-old single man b. heart bypass surgery provided to an employee and paid for by employer-funded insurance c. a vaccine that reduces the incidence of a communicable disease d. a hip replacement provided to a senior citizen