Under a pure flexible exchange rate system, the rate that equates demand and supply in the exchange rate market will also lead to a balance of
a. merchandise exports and merchandise imports.
b. current account transactions.
c. capital account transactions.
d. current and capital account transactions.
D
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Which of the following is not true about a monopsonist?
a. It can set the wage rate and hire any desired number of workers at that wage. b. It is the only buyer of labor in a market. c. It usually extracts rents from its monopsony power. d. It determines the optimal employment-wage rate combination by equating the marginal revenue product of labor to the marginal cost of labor. e. It usually has to bargain with unionized workers.
If total spending is less than the value of total output, firms
A. may decide to cut prices. B. may increase production levels. C. will tend to raise prices. D. will notice inventories falling.
Candy has a $100 gift card to a department store and needs a new watch. She walks into the store and is overwhelmed by the sheer number of watches and price points, from $30 to $3,000. She loves expensive luxury watches but has no other money to spend. She also loves cosmetics and would spend any money left over from the gift card on makeup. Explain how she can use the concept of marginal utility to analyze the options available to her and maximize her satisfaction.
What will be an ideal response?
Which of the following statements is true?
A. Most Medicaid beneficiaries are in HMO plans. B. Most Medicare Advantage beneficiaries are in HMO plans. C. Only about a quarter of employer-sponsored plan beneficiaries are in HMO plans. D. All of the above