Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm is currently along isocost CD. If the price of labor is $42, then the price of capital is
A. $21.
B. $42.
C. $63.
D. $84.
Answer: B
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Which of the following groups of people will be considered as unemployed?
A) Workers who experienced a wage cut due to recession B) Housewives raising kids at home and not looking for jobs C) Employees working in public sector undertakings D) Agricultural workers who are unemployed and have been looking for jobs for the last four weeks
In a labor-market separating equilibrium with high-skill and low-skill workers and where a costly educational degree is used solely as a signal device, we can say that
A) education is socially inefficient because it is costly and provides no useful skills to the worker. B) education is socially efficient. C) education is privately inefficient for high-skill workers. D) education is privately useful for low-skill workers only.
One way the government decides how to pay for a public good is:
A. the ease of collecting payout. B. if they can make the good excludable and charge its users. C. the transfer of surplus. D. All of these are ways the government allocates payment of public goods.
Use the following table to answer the next question. The base year is 2007.YearHot DogsBaseballsBottles of Beer?PriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250The Consumer Price Index for the year 2007 is
A. 200. B. 50. C. 100. D. 150.