If a commercial dairy farm wants to raise funds to purchase feeding troughs, it does so in the
A) product market. B) dairy products market.
C) factor market. D) output market.
C
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Refer to the scenario above. Which of the following statements is true about the model's prediction?
A) The prediction can be applied to estimate the returns only for a limited number of years of additional education. B) The prediction is an approximate relationship and may not hold for everyone. C) The prediction cannot be verified empirically. D) The prediction is precise, exact, and accurate for the entire population.
Which one of the following policies mitigates the negative effects of moral hazard?
A. Increasing everyone's insurance premium B. Mandatory car insurance for car owners C. Lowering everyone's insurance premium D. Insurance policies with large deductibles
The Federal Trade Commission:
A. is empowered to hold public hearings to investigate unfair practices. B. prohibits interlocking directorates in interstate industries. C. regulates airline fares. D. regulates such transportation industries as railroads and trucking.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B