Refer to the information provided in Figure 12.1 below to answer the question(s) that follow. 
Figure 12.1 Refer to Figure 12.1. The firm is
A. equally efficient when it produces at points A and B.
B. more efficient when it produces at point B than at point A.
C. producing at least possible cost anywhere along the given ATC curve.
D. more efficient when it produces at point A than at point B.
Answer: D
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If a firm collects $80 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $120 in revenue when it sells 6 units, then one can infer the firm is a(n):
A. perfectly competitor. B. monopolistic competitor. C. monopolist. D. oligopolist.
In the foreign exchange market, the quantity U.S. dollars demanded is a function of:
A) the amount of imports and the level of capital outflows. B) the amount of exports and the level of capital outflows. C) the amount of exports and the level of capital inflows. D) none of the above.
Supporters of globalization believe that free trade and international investment result in all countries raising their living standards
a. True b. False Indicate whether the statement is true or false
Exhibit 23-1: Global Comparison of Government Surpluses and Deficits as a Percentage of GDP, 2016 ? Country Surplus (+) or Deficit (-) as a percent of GDP Canada -1.10 Iceland 12.57 Latvia 0.06 Norway 3.99 Spain -4.51 United States -4.94 Given the information in Exhibit 23-1, which of the countries shown was closest to balancing its budget?
A. Iceland B. Latvia C. Norway D. United States