When the dollar "cost" of a unit of foreign currency falls, the dollar is against the foreign currency.
a. depreciating
b. appreciating
c. equalizing
d. holding its own
Ans: b. appreciating
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Greenaqua Corp . was given the exclusive right to produce and sell its newly introduced water purifier for 20 years. The right granted to Greenaqua is an example of a:
A) patent. B) blueprint. C) copyright. D) trademark.
If an isocost line crosses the isoquant twice, a cost minimizing firm will
A) use a different isocost line to select the bundle of inputs. B) use the input bundle associated with the intersection on the higher point of the isoquant. C) use the input bundle associated with the intersection on the lower point of the isoquant. D) Both B and C.
Which of the following is true of the simple spending multiplier
a. It equals the ratio of the marginal propensity to consume to the marginal propensity to save. b. It equals the difference between the marginal propensity to save and the marginal propensity to consume. c. It is the reciprocal of the marginal propensity to save d. It is the reciprocal of the marginal propensity to consume. e. It is the sum of the marginal propensity to consume and the marginal propensity to save.
Consider to the accompanying payoff matrix. 
If player A makes his or her choice before player B, then what will be the equilibrium outcome of this game?
A. Player A and player B both get 60. B. Player A gets 5 and player B gets 70. C. Player A gets 70 and player B gets 5. D. Player A and player B both get 50.