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 slope of isocost CE is
A. -1/2.
B. -1.
C. -2.
D. indeterminate from this information, as the prices of capital and labor are not given.
Answer: A
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The Constitution of the United States grants ________ the authority to regulate commerce and to impose tariffs
A) Congress B) the President C) the Supreme Court D) the U.S. Trade Representative
If the money supply is $500 and nominal income is $3,000, the velocity of money is
A) 1/60. B) 1/6. C) 6. D) 60.
Using baseline budgeting,
A. an increase in spending is spending greater than that needed to provide an unchanged level of services. B. an increase in spending is spending greater than last year's spending. C. an increase in spending is spending greater than that needed to keep up with inflation. D. all budgets revert to zero at the beginning of each fiscal year.
Cost curves shift if i. technology changes. ii. the prices of factors of production change. iii. productivity changes
A) only i B) i and iii C) only ii D) i and ii E) i, ii, and iii