In a perfectly competitive market, marginal revenue is the same as the market price
a. True
b. False
Indicate whether the statement is true or false
True
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Under which exchange rate system was a dollar redeemable for gold only if the dollar was presented by a foreign central bank?
A) a fiat system B) the gold standard C) a managed float exchange rate system D) the Bretton Woods System
Policies to lower the natural rate of unemployment include
a. proposals to raise the minimum wage rate. b. mandated prison sentences for drug dealers. c. retraining programs and employment services. d. changes in the tax laws.
What is the shape of the monopolist's marginal revenue curve?
a. a downward-sloping line that is identical to the demand curve b. a downward-sloping line that lies below the demand curve c. a horizontal line that is identical to the demand curve d. a horizontal line that lies below the demand curve
As the price level falls,
a. the exchange rate falls, so net exports fall. b. the exchange rate falls, so net exports rise. c. the exchange rate rises, so net exports fall. d. the exchange rate rises, so net exports rise.