Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost AB is
A. greater than the slope of isocost CD.
B. less than the slope of isocost CD.
C. equal to the slope of isocost CD.
D. indeterminate from this information, as the prices of capital and labor are not given.
Answer: C
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Consider a worker who dislikes working end enjoys consuming a composite good. With labor hours on the horizontal and the composite consumption good on the vertical axis, which of the following statements are true.
A. If the worker's tastes are convex, the slope of indifference curves increases as we move to the right in the graph. B. The worker becomes better off as we move to the northwest in the graph. C. A tax on wage income does not change this worker's indifference map. D. All of the above. E. None of the above.
Currency consists of
A) only coins minted by the U.S. Treasury. B) only Federal Reserve notes. C) coins minted by the U.S. Treasury and Federal Reserve notes. D) coins, Federal Reserve Notes and traveler's checks.
If timber prices are rising slower than the rate of interest then
A. investors should harvest timber instead of buying bonds. B. investors should buy bonds instead of harvesting timber. C. timber prices should increase. D. bond prices should decrease.
When it's not clear how to translate available information into something personally meaningful, it's:
A. more likely you'll make a mistake in your choice. B. more likely you'll invest more time in making your choice. C. less likely you'll make a mistake, given the amount of information. D. less likely the choice will have a big impact on you.