A pair of shoes manufactured in Milan, Italy cost 195 euros. What is the dollar value of the shoes if the exchange rate is $0.89 per euro?
A) $173.55
B) $195.00
C) $219.00
D) $890.00
A
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A regressive tax is a tax for which people with lower incomes
A) pay the same percentage of their incomes in tax as do people with higher incomes. B) do not have to pay unless their incomes exceeds a certain amount. C) pay a lower percentage of their incomes in tax than do people with higher incomes. D) pay a higher percentage of their incomes in tax than do people with higher incomes.
Each person in the population can be classified as employed, unemployed, or not in the labor force
a. True b. False Indicate whether the statement is true or false
The short-run shutdown price occurs where price equals
A) MC. B) AVC at any point. C) AVC at the minimum point. D) AFC at the minimum point.
Which of the following properties can be associated with an indifference curve of a risk-averse investor?
a. Indifference curve for a risk-averse investor is a vertical line parallel to the variance axis. b. Two indifference curves can intersect at the equilibrium combination of risk and return. c. An indifference curve closer to the expected return axis gives a better utility than the one farther away. d. Indifference curve for a risk-averse investor is always downward sloping.