If the price of smoothies is $3.50 in the United States and the exchange rate is 110 yen per dollar, then what is the yen price of smoothies?
A) 110 yen
B) 240 yen
C) 318 yen
D) 385 yen
D
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If a monopolist's marginal revenue is $25 and its marginal cost is $19, then the monopolist should:
A. raise its price. B. increase its output. C. decrease its output. D. leave its output and price unchanged.
It is normal and typical in a debt crisis for debtors to completely repudiate all their debts
Indicate whether the statement is true or false
Which of the following is NOT a reason for differences in per capita income in neoclassical growth theory?
A) All countries have the same production function. B) Countries have different savings rates. C) The slope of the steady-state investment line is different for different countries. D) All of the above.
In games:
A. there is only one strategy associated with each outcome. B. there are several strategies that can achieve a single goal. C. all strategies followed in one particular game should all be similar in order to be successful. D. if one person's strategy is wildly different from those of others, he will typically come in first or last.