Higher interest rates in the United States will attract foreigners to U.S interest-earning assets. This
A) decreases U.S. net exports.
B) increases U.S. net exports.
C) decreases U.S. imports.
D) will have no effect on net exports.
Ans: A) decreases U.S. net exports.
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The above figure shows the cost curves for a competitive firm. The firm will incur economic losses if the price is less than
A) $0. B) $5. C) $10. D) $11.
When two ice cream vendors locate next to each other on the beach, they are exhibiting a Nash equilibrium
a. True b. False Indicate whether the statement is true or false
The price that represents the shutdown point for a perfectly competitive firm corresponds to the _____.?
Fill in the blank(s) with the appropriate word(s)
A reduction in the supply of labor will cause wages to:
A. decrease and employment to decrease. B. increase and employment to increase. C. increase and employment to decrease. D. decrease and employment to increase.