Microeconomics is the study of
A) aggregate measures of the economy.
B) economic issues for an entire region.
C) federal budget details.
D) individual decision making.
Answer: D
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When the foreign exchange value of the Mexican peso is above its equilibrium rate, the peso will:
a. tend to be revalued. b. tend to increase in value over other currencies. c. be high demand in the foreign exchange market. d. tend to depreciate. e. tend to appreciate.
Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican consumer would have to pay approximately __________ pesos to purchase the blue jeans, but if the exchange rate is $0.085 = 1 peso, then a Mexican consumer would have to pay _________ pesos to purchase the blue jeans
A) 7.6; more B) 842; more C) 7.6; fewer D) 842; fewer E) 8,444; fewer
Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200 600 61,000 700 9 800 80012 600 90015 4001,000Refer to Table 3.1. This market will be in equilibrium if the price per pizza is
A. $6. B. $9. C. $12. D. $15.
Which of the books used at the FOMC meetings contain the Board staff's economic forecast for the next few years?
A. The Tealbook B. The Beigebook C. Both the Beigebook and Bluebook D. The Bluebook