During 2016, Tony's assets equal $300,000 and his net worth is $50,000. Tony's liabilities are
A. $50,000.
B. $150,000.
C. $200,000.
D. $250,000.
Answer: D
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Which of the following supply shocks would shift the aggregate supply curve inward?
a. A decrease in business taxes b. A decrease in gasoline taxes c. A decrease in the cost of raw materials d. A decrease in agricultural output e. A decrease in the amount and cost of government regulation
First-past-the-post voting entails:
A. a series of votes with two options; the winner of the first vote is paired with another option until all options have been voted on in pairs and there is one winner. B. voters ranking all available options and the option most approved of wins. C. one vote with many options, and the option with the most votes wins. D. one vote with many options, and the option that gets to 51% wins.
The increase in the interest rate due to a higher expected inflation rate is called the __________ effect
A) expectations B) Fisher C) liquidity D) income E) a or b
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The slope of isocost CD is
A. greater than the slope of isocost AB. B. less than the slope of isocost AB. C. equal to the slope of isocost AB. D. indeterminate from this information, as the prices of capital and labor are not given.