Exchange rate fluctuations:
A. have important economic consequences.
B. have currently undetermined economic consequences.
C. have minor economic consequences.
D. do not have economic consequences.
Answer: A
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What is the price of a TV in an open economy without a quota? 
A. $125 B. $100 C. $75 D. $150
Who is included in the labor force by the Bureau of Labor Statistics?
a. Dia, an unpaid homemaker not looking for other work b. Kevin, a full-time student not looking for work c. Sarah, who does not have a job but is looking for work d. None of the above is correct.
The loss minimization point for a firm is
A. when at the minimum point on the average total cost curve. B. when at the minimum point on the average variable cost curve. C. where marginal cost equals marginal revenue. D. when total revenue is maximized.
Refer to the graph shown. If hamburgers are produced by a perfectly competitive industry with a market demand D:
A. output will be the same as it would be under monopoly. B. price will equal $6. C. price will equal marginal cost. D. price will be greater than marginal revenue.