In the long run, a country will experience an increasing standard of living only if it experiences
A) a high rate of consumption. B) a slow rate of population growth.
C) continuous technological change. D) a high rate of labor force growth.
C
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A Phillips Curve that has a negative slope is consistent with
A) a constant price level. B) constant velocity. C) an upward sloping aggregate supply curve. D) a vertical aggregate supply curve.
Changes in total factor productivity are plausible causes of business cycles because
A) of the welfare theorems. B) the U.S. government is following supply-side economic policy. C) the model matches many stylized facts. D) prices are countercyclical.
According to international trade theory
A) trade is based on absolute advantage. B) comparative advantage is based on absolute advantage. C) every country has a comparative advantage in something. D) less developed countries cannot trade successfully with developed countries.
Refer to the information provided in Figure 8.1 below to answer the question(s) that follow. 
Figure 8.1 Refer to Figure 8.1 above. If Cyndy?s Floral Arrangements produces 100 silk flower arrangements, the average fixed costs are
A. $0.10. B. $10. C. $1,000. D. There is not enough information in the graph to answer this question.