Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. At the market price of $18 per bale, if this farmer produces the profit-maximizing level of hay, the total revenue would be
A. $1,200.
B. $2,800.
C. $5,600.
D. $6,300.
Answer: D
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Focal point equilibria are consistent with:
A. a nonmarket economy. B. the "you get what you pay for" rule. C. rational choice theory. D. the "follow the leader" rule.
A country that runs a trade surplus increases current consumption at the expense of future consumption.
Answer the following statement true (T) or false (F)
The financial crisis and recession which began in 2007:
A. impacted only high-income countries. B. did not impact the United States. C. impacted many countries in the world. D. impacted only low-income countries.
If a good sells for $10 domestically and the same good sells for $7 abroad, then this firm is engaging in
A) marginal cost selling. B) price discrimination. C) price differentiation. D) dumping.