Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. 
Figure 9.6Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
A. q1 units of output.
B. q2 units of output.
C. q3 units of output.
D. an amount that is indeterminate from this information.
Answer: C
Economics
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Assume we have a simplified banking system in balance-sheet equilibrium. Also assume that all banks are subject to a uniform 10 percent reserve requirement and demand deposits are the only form of money. A commercial bank receiving a new demand deposit of $100 would be able to extend new loans in the amount of:
a. $10 b. $90. c. $100 d. $1,000.
Economics
Barter is a system of exchange in which people directly trade one good for another, without using money as an intermediate step.
Answer the following statement true (T) or false (F)
Economics