Refer to the information provided in Figure 6.13 below to answer the question(s) that follow.
Figure 6.13Refer to Figure 6.13. Assume Ellen has two products available, pizza and hamburgers. Ellen must be compensated with more pizzas as she gives up more hamburgers. The curve in Panel ________ represents her indifference curve.
A. A
B. B
C. C
D. D
Answer: B
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Relative to an environment with free trade and no tariff, the winners from the tariff are the domestic ________, and the losers from the tariff are the domestic______. 
A. consumers of sugar and the government; producers of sugar B. producers of sugar; consumers of sugar and the government C. consumers of sugar; producers of sugar D. producers of sugar and the government; consumers of sugar
Private savings is defined as:
a. Y + TR - C - T b. T - G - TR c. Y + TR + C - T d. T + G + TR
The classical model uses the assumption that
A) all wages and prices are flexible. B) interest rates are not flexible. C) monopoly is widespread in the economy. D) economic markets are fragile and have no tendency to move towards an equilibrium.
What are property rights?
A) the title to ownership of any physical asset B) the rights individuals or firms have to the exclusive use of their property, including the right to buy or sell it C) a legal document verifying ownership of intangible assets D) the right of the government to appropriate private assets for the good of society