With the relative PPP, a rise in a nations inflation rate is always associated with an increase in the _____ if its currency
A) rate of appreciation
B) rate of forward premium
C) rate of deprecation
D) rate of forward discount
Ans: C) rate of deprecation
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Refer to the figure above. Social surplus can be increased by ________
A) increasing output above 13 million units B) reducing output below 13 million units C) increasing the price above $22 D) charging a price of $22
Which is a required characteristic of a perfectly competitive industry?
A) There are few firms so that none can influence market price. B) Products are highly differentiated. C) Barriers to entry are high. D) None of the above
Refer to the table shown. A firm would be most likely to hire between:Number of workersMarginal product of workers1527384105116775839010?1
A. 5 and 8 workers. B. 8 and 10 workers. C. 1 and 3 workers. D. 3 and 4 workers.
Refer to the information provided in Figure 23.12 below to answer the question(s) that follow.
Figure 23.12Refer to Figure 23.12. [600 + 0.4Y] represents the
A. equilibrium function. B. multiplier function. C. saving function. D. aggregate expenditures function.