From 2000 to 2014, the dollar depreciated substantially against other currencies. This drop in value most likely benefitted
A) European citizens traveling in the U.S.
B) U.S. citizens traveling in Europe.
C) U.S. manufacturers importing parts from abroad.
D) U.S. citizens purchasing foreign-made automobiles.
A
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Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 25 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
If the marginal product of labor is positive and increasing, then the total product of labor curve is
a. constant b. upward sloping and becoming steeper c. downward sloping and becoming flatter d. lies above the total cost curve e. lies below the total cost curve
The deregulation of AT&T was possible primarily because
a. CAB was abolished b. of satellite technology developments c. no competitors wanted to enter the market d. AT&T is a natural monopoly e. AT&T kept its monopoly on telephones, but not lines
The analysis of consumer decision making based on utility maximization is known as
A. consumption analysis. B. specialization analysis. C. market analysis. D. utility analysis.