Of the collection of supply and demand diagrams in Figure 2.2, which one shows the result of a decrease in the price of an input in the market for anything?
A. Figure 1
B. Figure 2
C. Figure 3
D. Figure 4
Answer: C
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Which of the following statements is false?
A) If there are only two goods, guns and butter, it is possible to produce more of both goods through economic growth. B) If there are only two goods, guns and butter, it is possible to produce more of both goods if the economy is currently operating at a productive inefficient point. C) If there are only two goods, guns and butter, it is possible to produce more of both goods if the economy is currently operating at a productive efficient point. D) If there are only two goods, guns and butter, producing more of one means producing less of the other if the economy is currently operating at a productive efficient point.
In the circular flow diagram, money income and revenue ______.
a. are flowing in the same direction
b. form a hub that other items flow around
c. are both elements of the input market
d. represent forms of capital
The supply of dollars in foreign exchange markets is
A. a function of the international banking system. B. determined by the U.S. demand for foreign goods. C. determined by the Federal Reserve System. D. determined by the U.S. Comptroller of the Currency.
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. 
Figure 13.10 Refer to Figure 13.10. If the government imposed a ________ on this firm, the firm would sell to 2,500 subscribers but would require a subsidy of $1,250 to stay in business.
A. price ceiling of $12.50 B. price floor of $12 C. price floor of $12.50 D. price ceiling of $12