Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If one drone is produced, total variable costs are
A. $30.
B. $40.
C. $50.
D. indeterminate from this information.
Answer: A
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When the price of a commodity rises, we can expect
A. marginal utility of the last unit purchased will rise. B. marginal utility of the last unit purchased will fall. C. marginal utility of the last unit purchased will be unaffected. D. purchases to rise because of the increased marginal utility.
Which of the following is a deficit item on the balance of payments?
A) exports of merchandise B) foreign tourist dollars spent domestically C) sales of gold to foreigners D) purchases of foreign assets
If there is moderate growth, we have a zero-sum economy.
Answer the following statement true (T) or false (F)
By fixing the exchange rate, the central bank gives up its ability to
A) adjust taxes. B) increase government spending. C) influence the economy through fiscal policy. D) depreciate the domestic currency. E) influence the economy through monetary policy.