In 2012, about ____ percent of the U.S. public debt was held by people and institutions abroad
A. 43
B. 18
C. 29
D. 33
D. 33
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If the U.S. government enters the foreign exchange market and sells dollars to maintain a specific exchange rate with the yen, the dollar will ________ and the yen will ________
A) depreciate; depreciate B) depreciate; appreciate C) appreciate; depreciate D) appreciate; appreciate
In the table above, the number of people officially unemployed is ________
A) 40 million B) 6 million C) 4 million D) 2 million
If it costs Hobie $900 to produce 5 lamps and $1,200 to produce 6 lamps, then the difference of $300 is the marginal cost of producing the 5th lamp
Indicate whether the statement is true or false
The theory of oligopoly provides another reason that free trade can benefit all countries because
a. increased competition leads to larger deadweight losses. b. as the number of firms within a given market increases, the price of the good decreases. c. as the number of firms within a given market increases, the profit of each firm increases. d. All of the above are correct.