If the dollar depreciates against the Indian rupee,
A) Indian imports to the U.S. become less expensive.
B) The value of Indian imports to the United States does not change.
C) U.S. exports to India become less expensive.
D) U.S. exports to India become more expensive.
C
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A risky borrower can pay a lower interest rate if:
a. she invests the amount in a profitable business. b. she can assure the lender of a low inflation rate. c. she makes a promise to repay within a short interval. d. she can arrange for a collateral.
Human capital is also known as
A. wages employees receive. B. the cost of collective bargaining. C. the cost of labor. D. education and skill levels.
According to the Weber-Fechner law, when the change in a stimulus is small in proportion to the original stimulus, the perceived size of the change will be:
A. small. B. large. C. greater than one. D. impossible to determine.
When a firm hires a worker for one hour, the marginal cost to that firm equals the:
A. hourly wage of that worker. B. diminishing marginal productivity of that worker. C. price of each item that the worker produces in that hour. D. average total cost of production at the quantity produced.