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 Armstrong Cable is forced to sell the efficient level output, it will
A. earn a profit of $4,000.
B. earn a zero profit.
C. incur a loss of $1,250.
D. incur a loss of $7,250.
Answer: C
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Refer to the above table. Which country had the highest growth rate of real Gross Domestic Product (GDP) from 2014 to 2015?
A) A B) B C) C D) D
A table that shows the possible payoffs each firm earns from every combination of strategies by all firms is called
A) a payoff table. B) an earnings table. C) a strategic matrix. D) a payoff matrix.
In the early stages of the 1980s banking crisis, financial institutions were especially harmed by
A) declining interest rates from late 1979 until 1981. B) the severe recession in 1981-82. C) the disinflation from mid 1980 to early 1983. D) the increase in energy prices in the early 80s.
If an economy uses silver as money, then that economy's money
a. serves as a store of value but not as a medium of exchange. b. serves as a medium of exchange but not as a unit of account. c. is commodity money. d. has no intrinsic value.