Which of the following relationships is true in long run perfectly competitive equilibrium for the firm? (Perfect Price Elasticity of Demand)? 

Suppose Crusoe and Friday are stranded on an island. There are two economic goods, coconuts and pineapples. Each person wants one of both goods every day. The time spent gathering each good is given below:   Friday                                                      Crusoe  Coconuts     30 Minutes                        Coconuts     50 Minutes  Pineapples  25 Minutes                        Pineapples  70 Minutes Suppose the terms of trade in the free market are one pineapple for one coconut. Given this information, which of the following is true?

Carl Menger would agree with which of the following?

According to Charles Maurice and Charles Smithson in “The Energy Crisis is Over!” the crisis was caused primarily because:

Which of the following is a reason that Say’s law is fundamental to macro economics?

Which of the following was not an effect of the tariff?

In the essay,”The Classical Macro Model” by Thomas Rustici, debates within the classical macro school of thought concerning capital theory emerged. In the debate between economist Eugen von Bohm Bawerk and John Bates Clark, Bohm Bawerk argued the real rate of interest was determined by:

Using the income version of the quantity theory of money, calculate the annual inflation rate if the following events occur: money supply increases 3%, velocity of circulation decreases 2% and real quantity of output decreases at 2%. The inflation rate will be:

Which of the following is true with respect to money?

 Which of the following would a classical macroeconomist disagree with?