Representative money refers to bank notes that exchange for a specific commodity, such as gold
Indicate whether the statement is true or false
true
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Refer to the figure below. 
This firm's marginal revenue curve would intersect the vertical axis at ________.
A. $70 B. $35 C. $20 D. $0
If a perfectly competitive firm decides to shut down in the short run, its loss will equal its
A) minimum average variable cost, AVC. B) total variable cost, TVC. C) total fixed cost, TFC. D) average total cost, ATC.
If fluctuations in economic activity come from the supply side, higher inflation is associated with
a. lower interest rates. b. structural deficits. c. higher rates of unemployment. d. lower rates of unemployment.
One reason mainstream economists see the world differently than do noneconomists is that economists tend to stress the importance:
A. that incentives have on choices. B. of fairness. C. of the limited competence of individuals to know what is good for themselves. D. of power and how it leads to exploitation.