An individual who is suffering from money illusion is more concerned with
A) real prices than with nominal prices. B) nominal prices than with relative prices.
C) relative prices than with nominal prices. D) relative prices than with real prices.
B
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If people expect the future exchange rate for dollars will be lower, then in the foreign exchange market the current
A) quantity demanded of dollars decreases. B) demand for dollars decreases. C) quantity demanded of dollars increases. D) demand for dollars increases. E) supply of dollars decreases.
What would the Herfindahl-Hirschman Index equal for an industry consisting of six firms with market shares of 40%, 30%, 20%, 5%, 3%, and 2%?
a. 0.95 b. 2.934 c. 2,938 d. 10,000
In the former Soviet Union,
A. the collective farms were more productive per acre than the private plots of land owned by peasants. B. there was no private ownership of any farmland. C. the private plots of land were more productive per acre than the large collective farms. D. the land under cultivation was equally split between private plots of land and the collective farms.
Refer to the above figure. Moving from point A to point B indicates
A. a decrease in supply. B. a decrease in quantity supplied. C. an increase in supply. D. an increase in quantity supplied.