Two years ago Lenny put some money into an account. He earned 6 percent interest on this account and now he has about $1,000 . About how much did Lenny deposit into his account two years ago?
a. about $860
b. about $870
c. about $880
d. about $890
d
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If the demand increases in a perfectly competitive market, firms will likely:
A. set prices artificially higher permanently. B. have to engage in more advertising in order to further stimulate the increase in demand. C. enter the market in hopes of capturing some profits. D. experience a loss due to increased competition.
Which of the following increases when the Fed makes open-market sales?
a. currency and reserves b. currency but not reserves c. reserves but not currency d. neither currency nor reserves
Which of the following is an expected effect of a tariff or a nontariff barrier (NTB) on a product?
A. An increase in domestic consumption of the imported product B. A decrease in the domestic production of the product C. An increase in the employment of labor and other resources used in the import-competing industry in the tariff-imposing country D. A decrease in government revenue
Refer to the information provided in Figure 15.3 below to answer the question(s) that follow. 
Figure 15.3 Refer to Figure 15.3. Gwen's Country Curtains is currently manufacturing 1,000 pairs of curtains per month. This firm
A. should reduce the number of pairs of curtains it manufacturers to maximize profit. B. should increase the number of pairs of curtains it manufacturers to maximize profit. C. could increase profits by either increasing or decreasing the number of pairs of curtains it manufactures. D. should continue to produce 1,000 pairs of curtains; it is already maximizing profits.