If the Union threatens a strike, what is the firm's best response?
a. Bargain hard
b. Accommodate
c. Run
d. Hide
b
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When the central banks of various countries intervene in the foreign exchange market to maintain an exchange rate, this type of exchange rate system is called a ________ exchange rate system
A) fixed B) flexible C) all of the above D) none of the above
Which of the following would most likely NOT be included in the liquidity approach to defining the money supply?
A) savings deposits B) money market mutual fund accounts C) corporate bonds D) traveler's checks
A firm has $200 million in total revenue and explicit costs of $190 million. Suppose its owners have invested $100 million in the company at an opportunity cost of 10 percent interest rate per year. The firm's economic profit is:
A. $400 million. B. $100 million. C. $80 million. D. zero.
People tend to earn higher incomes as they mature and gain experience in the workforce. As a consequence of this income mobility,
A. statistics on income may overstate inequality. B. the overall poverty rate may rise as the population ages. C. redistribution of income may encourage innovation and economic growth. D. statistics on income may understate inequality.