Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. If We Do Hair is maximizing profit as a monopolistically competitive firm, it is earning a profit of
A. $180.
B. $220.
C. $320.
D. $480.
Answer: C
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Countries that impose high tariffs, exchange rate controls, and other barriers that restrict international trade have, on average,
a. high rates of economic growth. b. low rates of economic growth. c. a large export sector. d. a large import sector.
The poverty rate is
A. An annual income of less than $29,000 for a family of four in 2014. B. The percentage of the population that receives food stamps. C. The percentage of the population that is counted as poor. D. The income needed for an individual to be above the poverty line.
What does the area labeled A show?
a. increase in revenue due to change in quantity
b. decrease in revenue due to change in quantity
c. increase in revenue due to change in price
d. decrease in revenue due to change in price
Refer to Figure 14.2. A movement from point b to point a could be caused by a(n):
A. increase in government spending. B. decrease in the price of oil. C. increase in taxes. D. a massive crop failure.