Scarcity, Opportunity Costs, and Basic Economic Questions
1. E	5. A	9. B	13. D
2. B	6. C	10. E
3. D	7. C	11. A
4. A	8. D	12. B
The Production Possibility Model
1. D	3. B	5. E	7. C
2. C	4. E	6. C	8. B
			9. C
The Market
1. A	2. D	3. B
Demand and Supply
1. D	5. A	9. C	13. D
2. C	6. D	10. E	14. C
3. A	7. B	11. B	15. D
4. A	8. E	12. C
Market Equilibrium and Applications
1. C	5. E	9. C	13. D
2. C	6. C	10. D	14. C
3. D	7. E	11. B	15. D
4. D	8. E	12. C	16. C
Elasticity
1. A	5. C	9. D	13. E
2. D	6. E	10. A	14. A
3. C	7. B	11. C	15. B
4. A	8. A	12. B	16. A
Consumer Choice
1. A	4. E	7. C	10. C
2. D	5. A	8. C	11. B
3. A	6. A	9. C
The Firm and Production
1. C	3. B	5. D	6. C
2. A	4. E
Short-Run Production and Costs
1. C	5. D	9. D	13. C
2. E	6. C	10. E
3. D	7. E	11. D
4. E	8. A	12. D
Long-Run Production and Costs
1. C	2. A	3. C	4. C
			5. C
Market Structure: Perfect Competition
1. D	5. A	9. B	13. E
2. B	6. E	10. C	14. A
3. C	7. C	11. E	15. B
4. A	8. C	12. C
Market Structure: Monopoly
1. C	3. B	5. B	7. D
2. C	4. D	6. C	8. E
Market Structure: Comparing Monopoly to Perfect Competition
1. C	3. A	5. D	7. C
2. C	4. B	6. E
Market Structure: Oligopoly
1. B	6. C	11. A	16. D
2. E	7. D	12. E	17. B
3. E	8. A	13. A
4. C	9. C	14. A
5. E	10. A	15. E
Resource Markets
1. B	4. B	7. A	10. D
2. B	5. E	8. A	11. C
3. A	6. C	9. B