Refer to Figure 18-1. The depreciation of the euro is represented as a movement from
A) B to A. B) D to A. C) C to D. D) B to C.
D
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A main argument for investing in US securities is the:
A. high rate of interest. B. low rate of interest C. low risk of owning them. D. varied time frame of payment for different types of securities.
To know whether a particular situation for a family, business, or government involves an equilibrium or not, one must
A) understand the circumstances fully. B) determine whether the accounts are in balance. C) determine whether the credits equal the debits. D) determine whether a particular portion of the accounts are in balance or not.
Minimum efficient scale
A) is the point at which economies of scale begin for a particular firm. B) is the lowest rate of output per unit of time at which long-run average costs reach a minimum for a particular firm. C) applies only to firms with U-shaped long-run average cost curves. D) is the point at which diseconomies of scale begin for a particular firm.
Total utility is best defined as the:
A. Change in marginal utility multiplied by the price of a product B. Maximum amount of satisfaction from consuming a product C. Total satisfaction received from consuming a given amount of a product D. Additional satisfaction received from consuming one more unit of a product