When the dollar depreciates, the prices of imported inputs
a. fall and aggregate supply shifts outward.
b. fall and aggregate supply shifts inward.
c. rise and aggregate supply shifts outward.
d. rise and aggregate supply shifts inward.
d
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Several houses built in a country during a certain year got damaged due to an earthquake. Which of the following is likely to happen due to this damage?
A) The country's GDP will remain unchanged. B) The trade surplus of the country will increase. C) The country's GDP will decrease. D) The trade deficit of the country will increase.
The marginal cost curve intersects the short-run average total cost curve where:
A. marginal cost is minimized in the short run. B. average variable costs are minimized in the short run. C. average total costs are minimized in the short run. D. average variable costs are maximized in the short run.
The root cause of our selling off piece after piece of our country can be traced to
A. our low interest rates. B. our high tax rates. C. our large trade deficits. D. our low cost of living.
A person maximizes utility when he equalizes the ________ across products.
A. marginal utility B. total utility per dollar spent C. marginal utility per dollar spent D. total utility