An increase in the value of the U.S. dollar will
A) increase Canadian demand for winter homes in Florida.
B) increase the cost of homes in Florida for American buyers.
C) reduce Canadian demand for winter homes in Florida.
D) reduce the cost of homes in Florida for Canadian buyers.
C
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What will happen if the institutions in an economy transform from inclusive to extractive?
A) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will decrease. B) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will decrease. C) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will increase. D) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will increase.
Which of the following is NOT a step involved in using checks?
A) The recipient must take the check to the bank. B) The bank must present the check to the checkwriter's bank. C) The funds must be transferred from the checkwriter's bank to the recipient's bank. D) The funds must be transferred from the recipient's bank to the checkwriter's bank.
When an economy is operating with maximum efficiency, the production of more of commodity A will entail the production of less of commodity B because
A. resources are specialized and cannot be easily reallocated. B. resources are limited. C. the structure of demand is fixed at any point in time. D. material wants are insatiable.
A monopoly market is characterized by
a. many buyers and sellers. b. "natural" products. c. barriers to entry. d. a Nash equilibrium.