Refer to the figure above. If the exchange rate is fixed above E yuan per dollar:
A) both the yuan and dollar are undervalued.
B) the dollar is overvalued and the yuan is undervalued.
C) both the yuan and dollar are overvalued.
D) the dollar is undervalued and the yuan is overvalued.
B
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Which of the following is an explicit cost of migration?
A. Wages a worker gives up when they leave their home country B. Adapting to a new culture C. Paying application fees D. The stress of looking for a job in a new country
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Max Shreck, an accountant, quit his $80,000-a-year job and bought an existing tattoo parlor from its previous owner, Sylvia Sidney. The lease has five years remaining and requires a monthly payment of $4,000. The lease
A) is a variable cost of operating the tattoo parlor. B) is an implicit cost of operating the tattoo parlor. C) is a fixed cost of operating the tattoo parlor. D) is part of the marginal cost of operating the tattoo parlor.
Prices of industrial products and wages tend to be the most "flexible."
Answer the following statement true (T) or false (F)