As the gross domestic product increases, it is easier for all levels of government to
A. maintain trade deficits.
B. carry out their functions.
C. reduce their spending.
D. conserve natural resources.
B. carry out their functions.
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Jason has been holding his retirement savings in a safe in his house. Currently the economy is experiencing a falling price level. He can conclude that: a. the real purchasing power of his money is remaining constant
b. the real value of his savings is increasing as long as the price level is falling. c. the real value of his savings is decreasing as long as the price level is falling. d. none of the above are true.
If a firm is experiencing economies of scale, then as the firm's output rises, its average total cost ________.
A. becomes negative B. falls C. rises D. does not change
Figure 8.4 depicts demand and costs for a monopolistically competitive firm. In the long run we expect:
A. more firms to enter the market. B. the firm's demand curve to shift to the left. C. the firm's average cost of production to increase. D. All of these
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. If the Hand Made Shirt Shop is monopolistically competitive, what is the minimum level of fixed cost that would lead to the firm continuing to operate in the short run?
A. $100 B. $1,150 C. $1,250 D. The firm would continue to operate regardless of the level of fixed costs.