Annie, a high school student, babysits to earn extra cash. In order to differentiate herself from other babysitters, Annie took a babysitting course from the Red Cross. This is an example of a market signal.
Answer the following statement true (T) or false (F)
True
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Suppose Carol's Candid Cameras wants to increase its total revenue. If the firm lowers the price of cameras by 2 percent, Carol must be predicting that the quantity
A) supplied will increase by more than 2 percent. B) demanded will increase by more than 2 percent. C) demanded will decrease by less than 2 percent. D) supply will decrease by less than 2 percent.
Under a gold standard in which France defined one franc to be worth 1/50th of an ounce of gold and the U.S. defined one dollar to be worth 1/10th of an ounce of gold, then
A. one U.S. dollar would exchange for five French francs. B. the French franc is worth only one-tenth as much as the dollar is worth. C. the U.S. dollar is valued at one-fifth of the French franc. D. on French franc would exchange for ten dollars.
A firm that owns and controls operations in more than one country is a(n)
A. monopolist. B. cross-border business alliance. C. franchise. D. MNE.
Which of the following statements is true?
A. Both the debt and the deficit or surplus are flow measures. B. The debt is a flow measure and the deficit or surplus is a stock measure. C. The debt is a stock measure and the deficit or surplus is a flow measure. D. Both the debt and the deficit or surplus are stock measures.