Refer to the information provided in Figure 10.3 below to answer the question(s) that follow. 
Figure 10.3 Refer to Figure 10.3. The market wage is initially W1 and the firm is initially at Point B. Labor supply increases from S1 to S0. If the firm does not change the amount of capital it employs, the firm will move to Point ________ to maximize profits.
A. A
B. C
C. E
D. F
Answer: A
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Indicate whether the statement is true or false
Contractionary fiscal policy may have some undesirable consequences. Among these is
A. higher unemployment. B. higher inflation. C. higher net exports. D. larger federal deficits.
One World View article titled "EU Farm Subsidies" reports about the European Union, "… the subsidy for every cow is greater than the personal income of half the people in the world." Which of the following programs is involved?
A. Consumer rebates. B. A reduction of production costs. C. Direct income support. D. Price supports.
Government bonds are government securities with terms of
A. one month. B. six months. C. more than one year. D. three months.