Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $75 and is a monopolistically competitive firm. If this firm is attempting to maximize profits, the firm's profit is
A. -$175.
B. -$100.
C. -$75.
D. $0.
Answer: C
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The United States is currently a net debtor nation. This means that
A) U.S. consumers have a great variety of foreign goods available to them. B) the U.S. economy is in serious trouble if government policies don't change quickly. C) capital outflows from the U.S. are greater than inflows. D) the U.S. is seen as a poor investment by foreign citizens and firms.
Which of the following accounted for the highest percentage of federal government spending in 2013?
a. net interest on the national debt b. income security c. national defense d. education and health
The civilian non-institutional population consists of everyone in the population who is
A) at least 16 years of age, in the armed forces, or institutionalized. B) at least 16 years of age. C) not in the armed forces. D) not institutionalized. E) b, c, and d
How much is the percentage of income earned by the highest quintile on Lorenz curve Q?
