How does time preference affect one's willingness to invest in human capital?
A) A higher rate of time preference tends to increase human capital investment.
B) A higher rate of time preference tends to decrease human capital investment.
C) A lower rate of time preference tends to decrease human capital investment.
D) Economists have found no relationship between time preference and human capital investment.
B
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By freedom of enterprise, we mean that individual:
A. Workers are free to look for jobs and work in whichever firm will hire them B. Firms are free to employ resources, to produce their output, and to sell their products C. Producers are free to produce whatever the government decides are needed by the society D. Consumers are free to buy whatever products will satisfy their needs the most
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. If this farmer produces the profit-maximizing level of hay when the market price is $18 per bale, her total cost would be
A. $1,200. B. $2,800. C. $5,600. D. $6,300.
The relationship between interest rates and stock prices is referred to as:
A. the wealth-creating mechanism of monetary policy. B. the asset-price channel of monetary policy. C. the investment-spending mechanism of monetary policy. D. the interest-rate mechanism of monetary policy.
Refer to the figure below. 
If both firms offer reduced rates, each earns ________, and if both firms keep their rates high, each earns ________.
A. 500; 300 B. 300; 500 C. 50; 300 D. 300; 50