The greater are foreign tradable goods price fluctuations, the more likely that authorities will choose a ________ exchange rate system
A) floating
B) fixed
C) crawling peg
D) dual
A
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The figure above shows a firm in monopolistic competition. If all firms in the industry have the demand and cost curves illustrated in the figure, then in the long run
A) some firms will have exited the industry. B) some firms will have entered the industry. C) firms will have neither entered nor exited the industry. D) we cannot tell if firms will either have entered or exited the industry.
Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts more than the demand curve. As a result
A) the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase. B) both the equilibrium price and quantity of MP3 players will decrease. C) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease. D) the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.
To adjust from Net National Product to Gross National Product:
a) Add depreciation b) Deduct indirect taxes c) Add subsidies d) Add inflation
If NNP is $175 billion and depreciation is $20 billion, then GDP
A. is $155 billion. B. is $195 billion. C. is $215 billion. D. cannot be determined from this information.