If the term structure of interest rates in two countries differ, the differences reflect
A) expected price levels over time.
B) expected GDP differences.
C) the absence of covered interest arbitrage.
D) expected exchange rate changes over time.
D
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Which of the following most resembles a case of taste-based discrimination?
A) Katelyn prefers not to hire women under the age of 35 because she is afraid they will eventually want to take maternity leave. B) Rodrigo will only hire bilingual people because a majority of his customers speak either English or Spanish. C) Tatiana only hires men as bartenders and women as cocktail servers at her upscale bar. D) Austin has a deep-seeded hatred of bald-headed men and refuses to hire any to work at his car wash.
A firm should keep producing output as long as the marginal profit is greater than zero, no matter how small it is
a. True b. False Indicate whether the statement is true or false
Suppose a certain country imposes a tariff on a good. Which of the following results of the tariff is possible?
a. Consumer surplus decreases by $100; producer surplus increases by $100; and government revenue from the tariff amounts to $50. b. Consumer surplus decreases by $200; producer surplus increases by $100; and government revenue from the tariff amounts to $50. c. Consumer surplus increases by $100; producer surplus decreases by $200; and government revenue from the tariff amounts to $50. d. Consumer surplus decreases by $50; producer surplus increases by $200; and government revenue from the tariff amounts to $150.
The marginal product is the slope of the:
a. marginal cost curve. b. total cost curve. c. total product curve. d. long-run average total cost curve