What is the price of cars if this were a closed economy? 
A. $14,000/car
B. $10,000/car
C. $6,000/car
D. $8,000/car
Answer: A
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Contractionary monetary policy tends to push the U.S. price level:
A. up and lower the exchange rate. B. down and lower the exchange rate. C. down and raise the exchange rate. D. up and raise the exchange rate.
When a firm experiences a positive technological change
A) the price of a share of the firm's stock rises. B) the firm is able to produce more output using the same inputs, or the same output using fewer inputs. C) the value of the firm's assets rises. D) the firm will hire additional workers in order to increase production.
Assume the market is in equilibrium in the graph shown at demand D and supply S1. If the supply curve shifts to S2, and a new equilibrium is reached, equilibrium quantity will increase from 4 to 4.5 units. Which of the following is true?
A. Producer surplus decreases by $16. B. Producer surplus increases by $7.50. C. Producer surplus increases by $3.00. D. Producer surplus decreases by $8.50.
A bond is a(n):
A. regular payment made to owners of a firm. B. legal promise to repay a debt. C. agreement issued by a financial intermediary linking savers and investors. D. claim to partial ownership of a firm.