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 firm's isocost line would shift from CE to CD if
A. the price of capital rises.
B. the price of labor rises.
C. the firm's total expenditure on inputs decreased.
D. either the price of labor fell or the firm's total expenditure on inputs decreased.
Answer: B
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A rising inflation rate tends to injure the following types of people:
A) retirees and students with savings accounts. B) borrowers and homeowners. C) homeowners with mortgages and students with student loans. D) landowners and borrowers.
Consider the graph. What would most likely be the cause of a shift from D1 to D2?
A. A tax on sellers
B. A tax on buyers
C. A subsidy for sellers
D. A subsidy for buyers
"OPEC is exploiting the United States by selling us oil at inflated prices." Agree or disagree
The law of comparative advantage indicates that
a. a group of people will reduce their output when each good or service is supplied by the low opportunity cost producer. b. trading partners lose when they can acquire a good through trade cheaper than they can produce it. c. trade is most effective when people trade only among those in their own nation. d. a group of people can increase their output when each good or service is supplied by the low opportunity cost producer.