In the short-run, an appreciation in the value of the U.S. dollar will tend to cause ________
A) a decrease in the level of income and higher inflation
B) an increase in the level of income and higher inflation
C) an increase in the level of income and lower inflation
D) a decrease in the level of income and lower inflation
D
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Refer to the figure below. If Jess chooses A, then Cory's best response is: 
A. to choose the cell in which Cory's payoff is 10. B. non-existent. C. to choose B. D. to choose A.
If the coupon payment on a bond is $350 and the coupon rate is 7%, then what is the face value of the bond?
A. $5,000 B. $374.50 C. $24.50 D. $528.57 E. There is not enough information provided to answer this question.
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer maximizes profits, his average total cost will be
A. $7. B. $9. C. $11. D. $15.
The study of individual choice and its implications for the behavior of prices and quantities in individual markets is:
A. macroeconomics. B. the Scarcity Principle. C. microeconomics. D. a normative economic principle.