When traders perceive a permanent money supply adjustment, long-term nominal interest rates ___ affected, the expected exchange rate ____ affected, and the spot exchange rate ___ affected.
a. are not; is; is
b. are; is; is not
c. are not; is not; is not
d. are; is not; is
Answer: a. are not; is; is
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The excess burden of an excise tax is
a. greater the more inelastic the supply curve. b. greater the more elastic the demand curve. c. smaller the more elastic the supply curve. d. greater the more inelastic the demand curve.
Burt bought a house for $250,000 and plans to rent it out for $2,000 per month. His expected annual rate of return from renting the house is approximately
A. 8.0 percent B. 9.6 percent C. 19.2 percent D. 20 percent
The substantial increase in clear property rights has severely impeded growth in many developing countries.
Answer the following statement true (T) or false (F)
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 seven drones are produced, total variable costs are
A. $14.29. B. $21.43. C. $50. D. $100.