Which of the following is NOT a major actor in the foreign exchange market?
A) corporations
B) central banks
C) commercial banks
D) non-bank financial institutions
E) tourists
E
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If a conscientious manufacturer underestimates the true value of life, the manufacturer will likely fail to take all cost-justified precautions
Indicate whether the statement is true or false
Mountain Water is a natural monopoly. The government decides to regulate Mountain Water by imposing a marginal cost pricing rule. The figure above shows the demand for Mountain Water. Marginal cost is $0.20 per bottle
The price of a bottle of Mountain Water is ________, and ________ thousand bottles are sold per month. A) $0.20; 400 B) $0.50; 250 C) $0.20; 500 D) $1.00; 500
The interest rate is determined by
a. the supply and demand of loanable funds. b. the supply and demand of land. c. the supply and demand of marginal land. d. None of the above is correct.
When adding another unit of labor leads to an increase in output that is smaller than the increases in output that resulted from adding previous units of labor, the firm is experiencing
a. diminishing labor. b. diminishing output. c. diminishing marginal product. d. negative marginal product.