Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. The ________ level of output for this monopolist is 22 units of output.
A. break-even
B. loss-minimizing
C. profit-maximizing
D. shutdown
Answer: C
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If international trade is restricted by the government of a country:
a. the domestic consumers are benefited. b. the domestic producers are adversely affected. c. the domestic consumers pay higher prices for imported goods. d. the resources are equally distributed among domestic and foreign producers. e. the resources are allocated to their highest paid uses.
For a fixed money supply, a higher level of real balances implies
A. a higher price level. B. a lower price level. C. higher velocity of money. D. lower velocity of money.
The investment trade-off:
A. defines the opportunity cost of capital investment. B. is why countries don't devote all their resources to capital investment. C. is a reduction in current consumption to pay for the investment in capital intended to increase future production. D. All of these are true.
When consumer spending exceeds disposable income, all of the following are true except
A. Households are dissaving. B. The APS is negative. C. The APC is greater than 1. D. The MPS is negative.