Using the data in the above table, net private domestic investment equals
A) $210.
B) $260.
C) $510.
D) some amount that cannot be determined without more information.
A
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Refer to the above figure. The highest price that consumers would be willing to pay for quantity Q2 is
A) P2. B) P0. C) P1. D) cannot be determined from the diagram.
How does marginal thinking explain the fact that creating safer products does not always have the expected favorable results? The safer you make something, ______.
a. the less desirable it will be to consumers b. the lower the labor and capital costs c. the more recklessly people will behave d. the higher the opportunity costs will be
The figure below shows the U.S. market for imported wine. For simplicity, we consider export supply curves to be flat. Chilean wine is available for $480 per barrel and French wine is available for $420 per barrel.
Suppose the United States has a tariff of $80 per barrel on imported wine. Then, the United States joins a free-trade area with Chile. How many barrels of wine will the United States import after joining the free-trade area?
A. 15 million barrels B. 10 million barrels C. 22 million barrels D. zero barrels