Cindy discovers that when she goes to the beach, she does not have to bring her radio. She can put her blanket near someone who has a radio and listen all day (without having to carry her radio, get sand in her speakers, or buy new batteries). She's delighted. This is an example of
a. private property abuse
b. an externality cost to the person who has the radio
c. a negative externality enjoyed by Cindy
d. a positive externality enjoyed by Cindy
e. a public good
D
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If the government adopts expansionary monetary policy during a recession, ________
A) tax rates increase B) government spending falls C) access to credit increases D) interest rates increase
In the long run, when the Fed increases the quantity of money the
A) no real variable changes. B) price level falls. C) real interest rate rises. D) nominal interest rate falls.
If consumption is $13,000 when income is $12,000, and consumption increases to $15,000 when income increases to $15,000, the MPS is
A. -0.15. B. 0. C. 0.33. D. 0.40.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. If the price of capital is $40, then along isocost line AB total cost is
A. $300. B. $1,200. C. $2,400. D. indeterminate from this information, as the price of labor is not given.