Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. A soybean farmer's ________ level of output is 1,000 units of output.
A. loss-minimizing
B. break-even
C. shut-down
D. profit-maximizing
Answer: D
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Refer to Figure 11-15. What is the combination of inputs that produces 200 gooseberry pies at the lowest cost?
A) combination e: 10 hours of labor and 48 units of capital B) combination f: 40 hours of labor and 24 units of capital C) combination g: 60 hours of labor and 14 units of capital D) combination h: 60 hours of labor and 9 units of capital
The portfolio theories of money demand state that when income (and therefore, wealth) is higher, the demand for the money asset will ________ and the demand for real money balances will be ________
A) rise; higher B) rise; lower C) fall; higher D) fall; lower
Monetarists view the use of monetary policy to fine-tune the economy as
A) unnecessary because the private sector is inherently stable. B) always inflationary. C) less predictable than fiscal policy. D) impossible because the Fed does not have the tools to control the money supply.
Which of the following is NOT an economic good?
A) a haircut B) broccoli C) garbage D) a textbook