Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. 
Figure 9.6Refer to Figure 9.6. For this firm, diseconomies of scale set in after ________ units of output.
A. q1
B. q2
C. q3
D. q4
Answer: C
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In the long run, ________ differences in economic growth rates result in ________ differences in GDP per capita
A) small; no B) small; large C) large; no D) large; small
An example of a nominal variable is ________
A) income measured at current market prices B) expenditures in terms of the quantities of actual goods C) the chain weighted measure of GDP D) all of the above E) none of the above
Megan has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm's website in exchange for someone doing their tax returns. Which of the following principles of economic interaction best describes this scenario?
a. All costs are opportunity cost. b. Trade can make everyone better off. c. When markets do not achieve efficiency, government intervention can improve overall welfare d. Market allocate goods effectivity
Suppose that the quantity of cars supplied exceeds the quantity of cars demanded. We would expect that:
A. the price of cars will increase. B. the price of cars will decrease. C. the supply will increase (supply will shift to the right) to meet the demand. D. the demand will decrease (demand will shift to the left) to meet the supply.