When real interest rates in other countries rise relative to that in the U.S., other things being equal, we would expect the U.S. dollar to:
A. Appreciate
B. Depreciate
C. Inflate
D. Deflate
B. Depreciate
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Which of the following would have the least amount of influence on a manager's choice of which inputs to employ in a production process?
A) The price of a competitor's output. B) The technology of the production process. C) The marginal productivity of the inputs that can be used in the production process. D) The prices of the inputs that can be used in the production process.
Figure 11-2
?
As we move down the production possibilities schedule in Figure 11-2, each successive point is
A. less efficient. B. more efficient. C. equally efficient. D. more or less efficient; we cannot tell which.
Which one of the following states a central element of the economic way of thinking?
What will be an ideal response?
If consumption is greater than disposable income, the only APS that could possibly be right from among the following would be
A. -.1. B. 0. C. .1. D. 1.0.