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 profit will be
A. -$24.
B. $45.
C. $48.
D. $72.
Answer: C
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A) swap B) foreign exchange arbitrage C) foreign exchange option D) futures market contract
All of society's applied knowledge on how to produce goods and services is
A) held by university professors. B) called technology. C) opportunity cost. D) efficiency.
Describe how the moral hazard associated with welfare benefits can be reduced, and tell what other problems this creates.
What will be an ideal response?
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a. $50 b. $100 c. $150 d. $200