The figure below shows the supply and demand curves for oranges in Smallville. 
At the price of $4 per pound, sellers offer ________ pounds of oranges per day, and buyers want to purchase ________ pounds of oranges a day.
A. 30; 10
B. 20; 20
C. 10; 20
D. 10; 30
Answer: D
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Among the most important indicators used by the NBER Business Cycle Dating Committee to determine the beginning of the 2007-2009 recession were all of the following except:
A. industrial production. B. total sales in manufacturing, wholesale trade, and retail trade. C. nonfarm employment. D. the consumer price index.
Which of the following was a reason that the Federal Reserve took on additional risks associated with unconventional policy during the recession of 2007–2009?
A. The inflated price of Treasury bills made them too expensive to purchase in open market operations. B. The large budget deficit constrained conventional monetary policy. C. The U.S. Treasury was unable to sell Treasury bills in the primary market. D. The Fed was able to act more quickly than Congress.
Employers and workers in the protected industry know that the consequences of protection are principally:
a. lower prices for their output, lower profits for owners, and lower wages for workers. b. higher prices for their output, lower profits for owners, and lower wages for workers. c. higher prices for their output, lower profits for owners, and higher wages for workers. d. lower prices for their output, higher profits for owners, and higher wages for workers. e. higher prices for their output, higher profits for owners, and higher wages for workers.
The ________ Act extended the government's authority to ban vertical and conglomerate mergers.
A. Celler-Kefauver B. Federal Trade Commission C. Clayton D. Sherman