Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If twelve microwave ovens are produced, Micro Oven's total fixed costs are
A. $25.
B. $41.67.
C. $50.
D. $300.
Answer: D
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The thought behind Say’s law is that each time a good or service is produced and sold, it generates _______________ that is earned for someone else.
a. debt b. utility c. goodwill d. income
Cassidy writes a check to pay for her groceries. She is using ______.
A. currency b. official legal tender c. fiat money d. a demand deposit
GDP calculations tend to exclude all of the following EXCEPT:
A. illegal transactions. B. environmental quality. C. work that people do for themselves in their own homes. D. salaries paid to government employees.
Which of the following is among the arguments against using government intervention to reduce income inequality?
A. Allowing big rewards to go to the most successful performers helps motivate creativity, innovation, and hard work. B. Governments cannot have much of an impact on income inequality, so there is little use in making the attempt. C. Large income differences eventually lead to political strife and will undermine support for a market economy. D. A wide gap between the rich and the poor tends to promote active participation in the democratic process.