Which of the following is not a composite currency?
A) The SDR
B) The ECU
C) The U.S. dollar
D) All of the above
C
You might also like to view...
The lon-run aggregate supply curve can be expressed by
A) output as a function of potential output. B) inflation as a function of past inflation. C) inflation as a function of past inflation and output gap. D) output as a function of inflation and output gap.
Marginal profit equals the difference between marginal revenue and average cost.
Answer the following statement true (T) or false (F)
Which of the following is NOT an implicit cost?
A. opportunity cost of using an owner's savings B. owner-provided labor C. wages D. owner-provided capital
For Adrian, the marginal utility of the 5th energy drink in a day is positive and the marginal utility of the 6th energy drink in a day is zero. This
A. implies that Adrian maximizes utility by consuming 5 energy drinks per day. B. implies that Adrian's demand curve for energy drinks per day will become upward sloping at 6 energy drinks per day. C. is impossible because each additional unit of consumption of any good must provide positive marginal utility. D. implies that at a zero price Adrian's demand curve will intersect the quantity axis at 6.