Which of the following would not be emphasized in a capitalist economy?
A. Private ownership of capital and other resources
B. Competition and decentralized decisions
C. Reliance on market forces to coordinate economic activity
D. Prevention of owners of capital from exposing this resource to risk
Answer: D
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The menu cost theory states that
A) wages depend on the productivity of workers. B) economic agents quickly learn the likely responses of the Fed to changes in unemployment. C) the economy is characterized by perfect competition. D) prices are not fully flexible because it is costly for firms to change prices every time there is a demand change.
Which of the following backs our money supply?
a. The words "This note is legal tender." b. The faith in the government c. The faith that people will take it in exchange for goods and services d. Precious metals
Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The firm's ________ will be maximized at a price of $5.
A. marginal cost B. profit C. total revenue D. marginal revenue
Refer to the information provided in Figure 28.1 below to answer the question(s) that follow.
Figure 28.1Refer to Figure 28.1. If the value people put on their leisure time increases, the equilibrium wage rate
A. could change from $9 to $15. B. would stay at $15. C. would increase to $15. D. could change from $9 to $6.