Congress decided to build a new highway as part of a stimulus package. It took a few years to study the environmental impact, draw blueprints, and bid out work before the road construction even got started. This is an example of ______.
a. an impact lag
b. a crowding-out lag
c. a recognition lag
d. an implementation lag
d. an implementation lag
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The United States ran a trade deficit in 40 of the 45 years in which period?
a. 1800–1845 b. 1831–1875 c. 1845–1899 d. 1856–1900
A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151st unit of output is
a. -$6.98. b. -$0.02. c. $2.45. d. $6.98.
The marginal benefit to a firm from its R&D expenditures is depicted by its:
A. interest-rate cost-of-funds curve. B. expected-rate-of-return curve. C. venture capital acquisition curve. D. retained earnings pay-out curve.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost CD is
A. greater than the slope of isocost AB. B. less than the slope of isocost AB. C. equal to the slope of isocost AB. D. indeterminate from this information, as the prices of capital and labor are not given.