Regulators often raise prices instead of lowering them. This is designed to
a. prevent the exit of competitors.
b. protect the consumer from cheap products.
c. ensure high-quality products.
d. ensure workers are adequately paid.
a
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Use the above figure. At equilibrium, the exchange rate is
A. $0.80 = 1.25 euro. B. $1 = 1.25 euro. C. 1 euro = $1.25. D. $1 = 8 euros.
If income is $20 billion, the price level is 5, and the stock of money is $10 billion, what is the income velocity of money?
A. 0.4 B. 2.5 C. 4 D. 10
Refer to the diagram. Which tax system will generate the largest cyclical deficits?
A. T 4 .
B. T 3 .
C. T 2 .
D. T 1 .
Refer to the table shown. Marginal product declines when which worker is hired?Number of workersMarginal product of workers1225394145166177188189171015
A. The 6th worker B. The 7th worker C. The 9th worker D. The 5th worker