Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. At the market price of $8 per bushel, if this farmer produces the profit-maximizing level of soybeans, the profit would be
A. $0.
B. $2,800.
C. $5,600.
D. $8,000.
Answer: A
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If Congress conducted public hearings to decide whether subsidies should be granted to the steel industry, taxpayers would not be well represented at the hearings because
A) no hearing room would be large enough to hold all the taxpayers who would want to testify. B) single taxpayers do not have a large enough stake in the issue to justify the cost of attending the hearings. C) taxpayers would not gain or lose, no matter how the issue was decided. D) they are apathetic. E) they know only money buys votes.
The way in which a corporation is structured and the impact a corporation's structure has on the firm's behavior is referred to as
A) structural behavior. B) corporate governance. C) structure composition theory. D) corporate taxation.
Which of the following solutions to recessions came from the short-run macro model?
a. A non-interventionist wait and see solution b. Increasing taxes c. Decreasing the federal deficit to jump-start the economy d. Increasing government spending to jump-start the economy e. None of the above
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C