Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If seven drones are produced, average fixed costs are
A. $7.14.
B. $14.29.
C. $20.
D. $21.43.
Answer: A
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If the purchasing power of the dollar is greater than the purchasing power of the euro, purchasing power parity predicts that the exchange rate will
A) not fluctuate and stay constant in the long run. B) increase if the exchange rate is greater than 1 euro per dollar. C) decrease if the exchange rate is less than 1 euro per dollar. D) be equal to the relative purchasing power across the currencies in the long run.
Warrantees do not contribute to market power
Indicate whether the statement is true or false
When the price of a good increases, all else equal, the higher price
a. reduces the consumer's set of buying opportunities. b. leads to a parallel shift of the budget constraint. c. will necessarily lead to an increase in the consumption of goods whose price did not change. d. generally discourages the consumption of inferior goods.
The conventional tools of monetary policy include:
A. the currency-to-deposit ratio. B. the deposit rate. C. the target federal funds rate range. D. both the deposit rate and the target federal funds rate range.