Who is the second most powerful person in the U.S.?
a. The Fed chairman
b. The Vice President
c. The Secretary of State
d. The speaker of the House of Representatives
e. The Attorney General
a
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A currency depreciation in the foreign exchange market will ________.
A. encourage foreign travel by the citizens of the country whose currency has depreciated B. discourage exports from the country whose currency has depreciated C. discourage imports into the country whose currency has depreciated D. encourage imports into the country whose currency has depreciated
Features of "Reagonomics" include all of the following except:
a. reduction in marginal tax rates. b. increased government expenditures for defense. c. deregulation of business. d. regular increases in the minimum wage.
Which of the following is not an example of a natural resource?
A. River B. Forest C. Coal deposit D. Piece of machinery
When a monopolistically competitive firm is in long-run equilibrium,
a. marginal revenue is equal to marginal cost. b. average total cost is minimized. c. marginal revenue is tangent to average total cost. d. All of the above are correct.