If your nominal income is $80,000 and your real income in base year prices is $71,500, what is the CPI?

The above figure shows a firm's total revenue line. The firm must be in a market with

A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.

Data presented in the text compare exports per capita in the early 1790s with exports per capita just prior to the Revolution. The data show that by the early 1790s, exports per capita had increased in _____________, but had decreased in ___________________

a. the Upper South; the Lower South b. the Upper South; New England c. New England; the Middle Atlantic states d. the Middle Atlantic states; the Upper and Lower South