The United States has less income inequality than most other developed countries.
Answer the following statement true (T) or false (F)
False
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Which of the following is the best example of tacit collusion?
A) The formation of a cartel. B) Price leadership. C) Predatory pricing. D) Noncooperative pricing behavior.
How well has the international capital market perform?
What will be an ideal response?
Under flexible exchange rate regime, a money-induced
A) decrease in U.S. prices causes an immediate appreciation of the foreign currencies against the dollar. B) increase in U.S. prices causes an immediate appreciation of the foreign currencies against the dollar. C) increase in U.S. prices causes an eventual appreciation of the foreign currencies against the dollar. D) increase in U.S. prices causes an eventual depreciation of the foreign currencies against the dollar. E) decrease in U.S. prices causes no change in foreign exchange rate.
Consider the market for capital equipment. Suppose the value of the marginal product of capital equipment increases. Holding all else constant, the equilibrium quantity of capital equipment will
a. increase. b. decrease. c. not change. d. It is not possible to determine what will happen to the equilibrium quantity of capital equipment.