The U.S. dollar is so widely traded partially because the New York Stock Exchange is the biggest foreign-exchange center in the world.

a. true
b. false


b. false

Economics

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During the Black Plague, capital became worthless. What can explain this?

A) Capital's marginal product fell because there was less labor. B) Capitalists died off at a greater rate than the workers. C) Capital's marginal product increased but the marginal product of labor decreased. D) Workers forgot how to use the capital.

Economics

Accountants consider depreciation allowance as ________ and ________ it from the firm's operating profit before calculating the tax.

A) profit; add B) a cost; subtract C) profit; subtract D) a cost; add

Economics

Fixed prices in a free-market economy can increase efficiency

a. True b. False Indicate whether the statement is true or false

Economics

The wage gap between skilled and unskilled worker has

a. risen; economists argue that this may be due in part to technological progress. b. risen; economists argue that none of the rise is due to technological progress. c. fallen; economists argue that this may be due in part to technological progress. d. fallen; economists argue that none of the fall is due to technological progress.

Economics