Figure 21-1
In Figure 21-1, the optimal amount of equality lies only between which points?
A. A and B
B. C and D
C. D and E
D. B and E
Answer: D
You might also like to view...
Social costs are associated with
a. entertainment expenses for business clients. b. government programs for the disadvantaged. c. deterioration of the natural environment. d. the high price of popularity.
The supply curve shows
a. the same basic information as the demand curve. b. who will have an opportunity to produce or purchase an item. c. the quantity produced as a function of the price. d. plots of what quantities have been sold over the past few weeks or months.
PlayStations and PlayStation games are complementary goods. A technological advance in the production of PlayStations will
a. increase consumer surplus in the market for PlayStations and decrease producer surplus in the market for PlayStation games. b. increase consumer surplus in the market for PlayStations and increase producer surplus in the market for PlayStation games. c. decrease consumer surplus in the market for PlayStations and increase producer surplus in the market for PlayStation games. d. decrease consumer surplus in the market for PlayStations and decrease producer surplus in the market for PlayStation games.
The nominal exchange rate is 15 crowns per florin, the domestic price level is 6 florins/bottle, and the foreign price level is 2 crowns/bushel.(a)What is the real exchange rate?(b)What is the real exchange rate in the foreign country?(c)If the domestic price level rises to 8 florins/bottle, what must the nominal exchange rate become if the real exchange rate remains unchanged?
What will be an ideal response?