In the above figure, if the price is $10, a profit-maximizing perfectly competitive firm will
A) produce 40 units.
B) produce 25 units.
C) produce 10 units.
D) choose not to produce.
C
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When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in
A) Canada's GDP. B) U.S. GDP. C) Brazil's GNP. D) Brazil's GDP.
People who grew up in the western part of Aquilonia have an accent distinct from people who grew up in the eastern part of the country. People from the west also receive lower wages than people from the east. From this information alone, we can conclude that it is possible that
a. discrimination against people from the west exists. b. people from the east receive compensating differentials. c. people from the west have lower levels of human capital. d. All of the above could be correct.
Etienne’s government encourages its citizens to consume almost all their incomes. What will most likely be the result of this policy?
a. fluctuating economic growth b. little economic growth c. steady economic growth d. rapid economic growth
In Figure 42.1, what is the price a regulated monopolist will charge (assuming the regulator strives for zero economic profit)? 
Figure 42.1
A. P1 B. P2 C. P3 D. P4