In L. Frank Baum's classic 1900 children's book, The Wonderful Wizard of Oz, the name "oz" is a reference to
A) an ounce (oz.) of gold.
B) an ounce (oz.) of silver.
C) an ounce (oz.) of copper.
D) an ounce (oz.) of gold or silver.
E) an ounce (oz.) of wheat.
A
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Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to
A) the marginal product of labor in the production of cloth times the price of cloth. B) the average product of labor in the production of cloth times the price of cloth. C) the ratio of the marginal product of labor in the production of cloth to the marginal product of labor in the production of food times the ratio of the price of cloth. to the price of food. D) the slope of the production possibility frontier. E) the price of cloth divided by the marginal product of labor in the production of cloth.
"Although the price levels appear to display short-run stickiness in many countries, a change in the money supply creates immediate demand and cost pressures that eventually lead to future increase in the price level." Discuss
What will be an ideal response?
Other things constant, if Americans suddenly decreased their desire for Mexican tequila, the exchange rate value of the Mexican peso would
a. increase, which is an appreciation of the Mexican peso. b. increase, which is a depreciation of the Mexican peso. c. decrease, which is an appreciation of the Mexican peso. d. decrease, which is a depreciation of the Mexican peso.
The coupon rate on newly issued bonds is usually higher for bonds with ________ terms and ________ risk that the borrower will go bankrupt.
A. longer; greater B. shorter; smaller C. shorter; greater D. longer; smaller