A business fluctuation when the pace of business activity is speeding up is known as
A) a contraction.
B) a trough.
C) an expansion.
D) a recession.
C
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As products become more differentiated:
A. consumers are less willing to switch in response to price changes and competition becomes more intense. B. consumers are more willing to switch in response to price changes and competition becomes more intense. C. consumers are less willing to switch in response to price changes and competition becomes less intense. D. consumers are more willing to switch in response to price changes and competition becomes less intense.
Suppose a hefty rise in the demand for Mexican pesos create a chronic shortage of this currency in the foreign exchange market. Which of the following steps should be adopted by the Mexican government to eliminate this shortage?
a. The government should impose a ban on Mexican exports. b. The government should devalue the peso. c. The government should print more pesos to increase its supply. d. The government should allow the peso to appreciate. e. The government should allow the peso to depreciate.
The Forex is the smallest market in the world ?
A. True B. False
When two goods are substitutes, their cross price elasticity of demand
A. infinity. B. negative. C. 0. D. positive.