Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her profit is
A. $0.
B. $2,800.
C. $3,000.
D. $12,000.
Answer: C
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A "primary market" is a market
A) for government securities. B) in which newly issued claims are sold to buyers by borrowers. C) in which newly issued claims are sold by savers to borrowers. D) for debt by large or "primary" corporations.
Under the current Social Security System,
A) only tax rates are changed yearly to help cover changes increases in benefits. B) only benefits are changed to balance the budget of the Social Security System. C) benefits are changed only to reflect the preceding year's inflation. D) tax rates and benefits are changed yearly to balance the budget of the Social Security System.
Agricultural subsidies in the United States are paid for by
a. consumers of the product b. taxpayers and consumers c. other industries d. special taxes e. import tariffs
The concept that a dollar today is worth more than a dollar in the future is called
A. the net productivity of capital. B. economic rent. C. present value. D. the capitalization of assets.