Refer to the information provided in Figure 7.1 below to answer the following question(s). 
Figure 7.1Refer to Figure 7.1. This corn producer earns a total revenue of $900. Each bushel of corn is sold for $5. This corn producer must be selling ________ bushels of corn.
A. 180
B. 450
C. 900
D. 4,500
Answer: A
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Which of the following scenarios best demonstrates Say's law?
A. Nandini plays the piano at a restaurant, and her income is based solely on voluntary donations. She never lets her demand for goods and services determine how long she plays the piano. B. Professor Mackowski teaches economics at a university and receives a monthly paycheck. Each month he spends half his paycheck and saves the rest in his piggy bank under his bed. C. Farmer Perk grows strawberries on his farm. As he grows them, he decides to buy more goods if he sells more strawberries than he expected.
The Dodd-Frank law
A) created new regulations for financial markets and firms. B) based compensation of bankers on shareholder value. C) rewarded bankers when market share increased. D) created rules that help create the recent financial crisis. E) removed capital requirements on financial institutions.
The U.S. economy experienced deflation right after World War I and World War II
a. True b. False Indicate whether the statement is true or false
The spot exchange rate is equal to the forward exchange rate:
a. Only when the exchange rate is equal to 1.00 because then the inverse is also 1.00. b. When the central bank chooses to equalize both rates. c. When the interest rates of the two countries are not expected to change. d. When the difference between the interest rates of the two countries are expected to remain constant. e. When the nominal interest rates of the two countries are equal.