Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. If Sherry produces zero earrings, her total fixed costs are
A. $0.
B. $50.
C. $100.
D. indeterminate from this information.
Answer: C
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The above figure shows a graph of the market for pizzas in a large town. As a result of concern over the affordability of pizza, the government restricts sellers from charging a price over $7. As a result, the quantity of pizzas consumed will
A) increase. B) decrease. C) remain unchanged. D) be indeterminable.
Karl Marx wrote largely about
A. 19th century England. B. 18th century England. C. 19th century Russia. D. 18th century Russia.
A liberal economist would never recommend that policy makers cut union wages.
Answer the following statement true (T) or false (F)
The reason that the Fed does not actively use discount rate policy to control the money supply is because the Fed
A. acts when a majority of member banks agree on policy and the banks rarely agree. B. earns interest on discounting and cannot afford to lose the revenue. C. does not know how banks will respond to discount rate changes. D. has been directed by Congress to set the discount rate at a permanent level.