A quota
A) makes domestic consumers better off.
B) makes both domestic producers and consumers better off.
C) makes everyone worse off.
D) makes domestic producers better off.
Answer: D
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One typical cause of poverty is a lack of
a. money b. faith in the market system c. human capital d. desire to work e. all of the above
The summary of the flows of goods, services, assets, and currency in and out of a country in a particular year is the
a. balance of income statement. b. balance of payments. c. balance of trade. d. trade deficit.
The figure below shows a single consumer's demand for ice cream at the student union. 
If there are 1,000 students on campus during a regular semester, and each student's weekly demand for ice cream is shown above, then when the student union charges $3.00 per scoop, those 1,000 students purchase a total of ________ scoops per week.
A. 1,000 B. 400 C. 4,000 D. 2,000
You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's cost function is C = 50 + 3Q2. Your firm's maximum profits are:
A. 450. B. 250. C. 400. D. 500.