Which organization possesses a generally conceded and exclusive right to coerce adults?
A) The capitalist enterprise
B) The modern church
C) The government
D) The family
C
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The economic policy response to the 2001 recession consisted of
A) a rapid change in fiscal policy and monetary policy. B) a sluggish change in fiscal policy and monetary policy. C) a rapid change in fiscal policy and a sluggish change in monetary policy. D) a sluggish change in fiscal policy and a rapid change in monetary policy.
Steve purchases some land for $30,000 . He maintains it, but makes no improvements to it. One year later he sells it for $32,000 . Stephanie puts $30,000 in a savings account that pays 6% interest. Steve has to pay the 50% capital gains tax, Stephanie is in the 35% tax bracket. The inflation rate was 2%. Who had the higher before-tax real gain and who had the higher after-tax real gain?
a. Steve had both the higher before-tax real gain and the higher after-tax real gain. b. Steve had the higher before-tax real gain but Stephanie had the higher after-tax real gain. c. Stephanie had the higher before-tax real gain but Steve had the higher after-tax real gain. d. Stephanie had both the higher before-tax real gain and the higher after-tax real gain.
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm is currently along isocost CD. If the price of capital is $40, then the price of labor is
A. $6. B. $40. C. $240. D. indeterminate from this information.
Firms in imperfectly competitive markets are
A. completely inefficient. B. price takers. C. more efficient than firms in perfectly competitive industries. D. price makers.