Which of the following is likely to increase the exports of a country?
A. an increase in income in the domestic country
B. a decrease in income in the domestic country
C. an increase in income in foreign countries
D. a decrease in income in foreign countries
Answer: C
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Refer to Figure 7.1. Suppose the city passes an ordinance banning loud music, and this directly impacts Angus's legal ability to play his bagpipes. The benevolent social planner would choose an outcome where Angus ________ and Dudley ________
A) plays the bagpipes; does nothing B) plays the bagpipes; calls the police C) mops floors; does nothing D) mops floors; calls the police
Members of the Board of Governors are
a. appointed by Congress. b. selected by the U.S. president. c. elected by member banks. d. selected by the U.S. Treasury Department.
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer is maximizing profits, his total costs will be
A. $11. B. $66. C. $90. D. $132.
Gordon is a person who sells narcotics "on the street." This type of illegal activity:
A. Would be considered double counting in calculating GDP B. Is estimated and included in GDP figures C. Is excluded from GDP figures D. Causes GDP to be overstated