1 .		A general equilibrium occurs when:
2 .		When an industry is profitable, we would expect the demand for capital to ___________ and the number of firms in the industry to ____________.
3 .		Which of the following conditions implies that an allocation is Pareto efficient?
4 .		If two identical firms pay different wages, then resource markets must not be operating efficiently.
5 .		The key condition for determining that an efficient quantity of goods is produced is that _______ = _______.
6 .		Which of the following market organizations does not imply a market failure?
7 .		When a person receives an education, he or she is able to produce goods and services that make many other people better off. This means that education is: