The three variables predicted by forecasting are the timing, magnitude, and length of exchange rate movements.
a. true
b. false
b. false
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A firm could not be engaged in successful predatory pricing if: a. It charged prices greater than the average variable cost of production. b. It drove rivals out of the market
c. It raised its prices after its price cutting campaign. d. None of the above is true.
If the world price of coffee is higher than Colombia's domestic price of coffee without trade, then Colombia
a. should import coffee. b. has a comparative advantage in coffee and should export coffee. c. should produce just enough coffee to satisfy domestic demand. d. should produce no coffee domestically.
When estimating GDP using the income approach, aggregate income is adjusted by
A. subtracting depreciation. B. subtracting indirect business taxes. C. adding indirect business taxes. D. adding net income earned abroad.
Refer to the graph below for a monopolist in short-run equilibrium. This monopolist will charge a price:
A. 0A
B. 0B
C. 0C
D. Not labeled on the graph