Which of the following statements about "inside information" is FALSE?
A. The government never imposes fines or other penalties for abuse of inside information.
B. Profits can be made using inside information.
C. It is information that is not available to the general public.
D. It is illegal to knowingly use inside information when trading stocks.
Answer: A
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When the dollar depreciates, the cost to Americans of foreign goods
A. rises and the CPI falls. B. rises and the CPI rises. C. falls and the CPI rises. D. falls and the CPI falls.
The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called comparative advantage
Indicate whether the statement is true or false
Which of the following measures of cost is best described as "the cost of a typical unit of output if total cost is divided evenly over all the units produced?"
a. average fixed cost b. average variable cost c. average total cost d. marginal cost
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The firm is currently along isocost CE. If the price of capital is $12, then the price of labor is
A. $8. B. $12. C. $80. D. $120.