Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. 
Figure 9.6Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
A. q1 units of output.
B. q2 units of output.
C. q3 units of output.
D. an amount that is indeterminate from this information.
Answer: C
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The traditional Keynesian approach to fiscal policy assumes that
A) an equal income distribution ensures a stable economy. B) consumers spend more when their incomes are higher. C) cutting taxes is a more effective way to stimulate the economy than is increasing government spending. D) the effect of unemployment compensation is to destabilize the economy.
Which of these persons is not investing in human capital?
A) A business student studying accounting B) A teenager who stays with a job she dislikes in order to obtain a favorable recommendation from the employer when she leaves C) A professional boxer lifting weights D) A student purchasing shares of stock in a computer software manufacturer E) An aspiring opera singer taking courses in conversational Italian
A circular flow diagram shows the flows from the goods and resources markets
Indicate whether the statement is true or false
The producer price index measures the prices that firms
A) pay for imported natural resources that go into the production process. B) receive for the goods and services they export. C) pay for labor, whether or not the labor is foreign or domestic. D) receive for the goods and services they use at all stages of production.