Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. After firms can respond to the payroll tax, the per-hour equilibrium wage paid by firms ________ compared to the original equilibrium wage.
A. decreases by $2
B. increases by $3
C. decreases by $5
D. increases by $5
Answer: B
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A speculator who believes strongly that interest rates will rise would be likely to
A) buy futures contracts on Treasury bills. B) sell futures contracts on Treasury bills. C) buy Treasury bonds in the spot market. D) increase now the amount of money which he lends.
The demand for a factor of production depends on the:
A. supply of the factor. B. supply of other factors of production. C. demand for other factors of production. D. demand for the products that it helps to produce.
One can tell that Figure 5.1 shows short run costs because:
A. the slope of total costs and variable costs are the same. B. costs are rising. C. total costs are positive when output is zero implying fixed costs. D. All of these.
Suppose that goods A and B are close substitutes. If the price of good A falls, then we would expect an:
A. Increase in the demand for A and an increase in the quantity of B demanded B. Increase in the demand for A and a decrease in the quantity of B demanded C. Increase in the quantity of A demanded and a decrease in the demand for B D. Increase in the demand for good A as well as for good B