Which of the following statements is true?
A) A curved line has slope values that change at every point.
B) An inverse relationship has a positive slope value.
C) A straight line has a slope of one.
D) A direct relationship has a negative slope value.
A
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If the agent has more information than the principal and there is only one state of nature, then
A) efficiency in both production and risk-bearing can be achieved. B) only efficiency in production can be achieved. C) only efficiency in risk-bearing can be achieved. D) neither efficiency in production nor efficiency in risk-bearing can be achieved.
Which of the following is true?
a. A budget deficit will have no impact on the national debt. b. A budget deficit will increase the national debt. c. A balanced budget will increase the national debt. d. A budget surplus will increase the national debt.
Which one of the following will cause velocity to increase?
a. a decrease in interest rates b. increasing the efficiency of the payments system c. switching from weekly to monthly payroll checks d. an increase in the money supply
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. This farmer would be breaking even if price was
A. $7. B. $9. C. $10. D. $11.