Refer to the data. Nominal GDP in year 4 is:
A. $320.
B. $450.
C. $225.
D. $800.
D. $800.
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Bo's actions would
A) have no impact on the September unemployment rate or the October unemployment rate. B) raise the September unemployment rate and lower the October unemployment rate. C) raise the September unemployment rate and not change the October unemployment rate. D) classify him as out of the labor force in September. E) raise the September unemployment rate and the October unemployment rate.
Vineyards can grow either red wine grapes or white wine grapes on their land. Which of the following would cause the supply of red wine grapes to decrease?
A) an increase in the price of white wine grapes B) an increase in the demand for red wine grapes C) a decrease in the price of white wine grapes D) an increase in the price of red wine
Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the fifth pound of cheese is
A. $1. B. $3. C. $6. D. $24.
Externalities exist when the actions of one agent
A. benefit the agent committing the action. B. hurt the agent committing the action. C. benefit or hurt another agent who is a part of the exchange relationship. D. benefit or hurt another agent who is not part of the exchange relationship.