Which actor in the simplified circular flow model is on the supply side of the factor market?
A. Households
B. Government
C. Market for goods and services
D. Firms
Answer: A
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Why is the balance of payments always zero?
What will be an ideal response?
Tobin's q theory adds to neoclassical theory because it ________
A) illustrates the important relationship between tax rates and the incentive to labor B) emphasizes the role played by asset price fluctuations on investment spending C) highlights the impact of a tax increase on business investment D) underlines the relationship between financial innovation and the financial crisis of 2007-2009
Draw supply and demand curves. Show the impact of an increase in demand on the price and quantity exchanged in the market. Show the impact of a decrease in demand on the price and quantity exchanged in the market.
What will be an ideal response?
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. At the market price of $8 per bushel, if this farmer produces the profit-maximizing level of soybeans, the total revenue would be
A. $1,200. B. $2,800. C. $5,600. D. $8,400.