If yesterday the dollar traded for 100 Japanese yen and today 101 yen to the dollar, we would say
A. that the dollar rose in value (appreciated) relative to the yen.
B. that the yen fell in value (depreciated) relative to the dollar.
C. both of the choices are correct.
D. neither of the choices is correct.
C. both of the choices are correct.
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Which of the following financial organizations have the ability to influence the supply of reserves in the United States?
A) Only public sector banks B) The World Bank C) Only private commercial banks D) The Fed
Which of the following is a drawback of command-and-control regulation?
a. Applying the same standard to all firms b. Being enforced by industry executives c. Providing too much flexibility d. Relying too heavily on market tools
The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.
The average total cost curve is represented by which curve?
A. I B. II C. III D. IV
If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units, then the average product of 12 workers is
A) 60 units. B) 54 units. C) 48 units. D) 5 units.