Increases in household and business spending are a demand factor in economic growth.
a. true
b. false
Answer: a. true
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The unregulated, single-price monopolist illustrated in the figure above has a total revenue of
A) $8.00 per day. B) $16.00 per day. C) $36.00 per day. D) $40.00 per day.
One major barrier to entry under pure monopoly arises from:
A. diseconomies of scale. B. the availability of close substitutes for a product. C. the price taking ability of the firm. D. ownership of essential resources.
Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save when real disposable income equals $400?
A. 0.69 B. 1.45 C. -0.45 D. 0.7
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her profit is
A. $0. B. $2,800. C. $3,000. D. $12,000.