Based on this figure, in order to maintain an exchange rate of $0.15 dollars per Norwegian krone, the Norwegian government will have to spend (in dollars)_____ worth of international reserves per period. 
A. $300
B. $825
C. $2,000
D. $5,500
Answer: B
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Which of the following is NOT a macroeconomic question?
A) How does a fiscal stimulus package affect gross domestic product? B) Should Congress enact tougher immigration laws to reduce unemployment? C) Should we have a constitutional amendment requiring the federal government to balance the budget each year? D) Should restaurants be required to list the number of calories for each product on their menus?
Robinson spends all his income on mangos and bananas. Mangos cost $3 per pound and bananas cost $1 per pound. The marginal utility is 30 for the last pound of mangos purchased and 10 for the last pound of bananas
To maximize his utility, Robinson should buy A) more mangos and fewer bananas. B) more bananas and fewer mangos. C) the present combination of goods. D) only mangos.
When the price elasticity of demand is small in magnitude, a _____ increase in the price leads to a _____ reduction in the amount purchased and the demand curve is relatively ____.
A. slight; substantial; steep B. slight; slight; flat C. large; slight; steep D. slight; substantial; flat
If product price increases, then:
A. MP will increase. B. MFC will increase. C. MRP will increase. D. MP will decrease.