Which of the following would be likely to cause a nation's currency to depreciate?
a. an increase in foreign demand for the nation's products
b. a lower domestic rate of inflation than that of the nation's trading partners
c. higher domestic interest rates
d. higher foreign interest rates
D
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______ is the percentage change in hours worked divided by the percentage change in wages—will determine the shape of the labor supply curve.
a. Elasticity of savings b. Cross-price elasticity of demand c. Income elasticity of demand d. Wage elasticity of labor supply
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 two microwave ovens are produced, Micro Oven's total variable costs are
A. $150. B. $300. C. $450. D. indeterminate from this information.
Refer to the given data. How many units of output will this profit-maximizing firm produce?
Use the resource demand data shown on the left and the resource supply data on the right in answering the following question:
A. 39.
B. 48.
C. 55.
D. 60.
Which of the following is not an option for a perfectly competitive firm that suffers short-run losses?
A) reducing the use of variable factors B) shutting down C) raising price D) reducing production