If the relative price of one unit of good Y is 0.25 units of good Z, then it follows that the absolute price of good Z can be __________ and the absolute price of good Y can be __________
A) $4,000; $2,000
B) $1,000; $2,000
C) $2,000; $1,000
D) a and c
E) none of the above
E
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A current account surplus implies that
A) the country is a net lender with the rest of the world. B) the country is running a net capital account surplus. C) foreign investment in domestic securities is at very low levels. D) All of the above.
If the dollar falls in value compared to other currencies, what will happen in the United States?
a. a decrease in aggregate demand b. an increase in aggregate supply c. a decrease in aggregate supply d. a decrease in the U.S. price level
Suppose you own $15,000 of personal property, $5,000 of stock in XYZ Corporation, a $1,000 certificate of deposit, and $10,000 of government bonds. If XYZ Corporation goes bankrupt, the most you could lose is
A. $15,000. B. $26,000. C. $31,000. D. $5,000.
What is one problem with trying to regulate a monopoly's price?
A) The government needs information on the monopoly's marginal cost. B) The government needs information on the price people are willing to pay. C) The government needs to identify which firm is a monopolist. D) Anything that the government does is problematic.