Refer to the following graph. At which of the following prices will the firm be losing money but should remain in operation?
a. $1.80
b. $1.60
c. $1.20
d. $0.40
c. $1.20
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The working poor are likely to be found in just a few broad occupational categories
Indicate whether the statement is true or false
If the roommates played the game repeatedly where one roommate not cleaning this time would trigger the other roommate not cleaning next time, the Nash equilibrium is most likely to be
a. John cleans, Joe doesn't b. Joe cleans, John doesn't c. Both of them clean d. Neither of them clean
The size of the effect of a given deposit of cash into a demand deposit account on the money supply is greater:
a. the greater the fraction of money people want to hold as currency and the greater the fraction of deposits banks want to hold as excess reserves. b. the greater the fraction of money people want to hold as currency and the smaller the fraction of deposits banks want to hold as excess reserves. c. the smaller the fraction of money people want to hold as currency and the greater the fraction of deposits banks want to hold as excess reserves. d. the smaller the fraction of money people want to hold as currency and the smaller the fraction of deposits banks want to hold as excess reserves.
Country A's overall balance in the balance of payments is equal to:
a. The current account minus the financial account. b. The reserves account minus the current account. c. The reserves account plus the capital account plus the current account. d. And carries the opposite sign of the reserves account. e. The reserves account plus the financial account.