The recession of 2007-2009 started
A. abruptly in 2007 with higher gasoline prices.
B. in 2006.
C. rather mildly in late 2007.
D. with the financial collapse.
Answer: C
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If this is a closed economy, how much will a bushel of corn cost? 
A. $5 B. $1 C. $7 D. $3
Pierre can produce either a combination of 20 bow ties and 30 neckties or a combination of 35 bow ties and 15 neckties. If he now produces 35 bow ties and 15 neckties, what is the opportunity cost of producing an additional 15 neckties?
A) 2 bow ties B) 15 bow ties C) 20 bow ties D) 35 bow ties
Income disparities alone prove the existence of racial discrimination in the labor market
Indicate whether the statement is true or false
Using the above table, the following is the output of a two-product economy. The price index in this economy in Year 2, assuming Year 1 is the base year, is
A. 113.0. B. 107.1. C. 106.7. D. 88.5.