Suppose you're in the trucking business and you purchase a $100,000 truck with a one year loan for the full amount. Ignoring interest payments, what is your fixed cost per month?
a. $10,000
b. $20,000
c. $25,000
d. $12,000
e. $8,333
E
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The demand for a resource is derived from the demand for the final product it helps to produce
a. True b. False
The multiplier effect occurs because
A. as saving levels increase, a greater pool of loanable funds is available for investment spending by businesses. B. increases in income cause a chain reaction of spending by many businesses and individuals. C. increases in income cause tax revenues to increase, thereby stimulating increases in government spending levels. D. businesses copy the spending decisions of their competitors. E. households tend to spend any increase in income.
In Figure 5.7, assuming perfect competition, at MR1 there will be 
A. short-run pressure on the price to rise. B. long-run pressure on the price to rise. C. short and long-run pressure on the price to rise. D. no pressure on the price to change.
Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.Table 20.2 2014 2015 2016QuarterIIIIIIIVIIIIIIIVIIIIIIIVOutput98949010210510811010397949090Refer to Table 20.2. We would expect the period from after the fourth quarter of 2014 until before the third quarter of 2015 to be categorized as a period of
A. low inflation. B. low unemployment. C. high unemployment. D. low production.