If a currency increases in value as a result of government decree rather than market forces, the process is known as
A. reflation.
B. revaluation.
C. appreciation.
D. value-added.
Answer: B
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Suppose a monopolist faces the demand curve shown below. 
If you were to draw the monopolist's marginal revenue curve, it would:
A. intersect the horizontal axis at 35. B. intersect the vertical axis at $35. C. lie on top of the demand curve. D. have a slope equal to the reciprocal of the slope of the demand curve.
In the short run, if a firm shuts down it avoids its variable cost but not its fixed cost
Indicate whether the statement is true or false
The fact that supermarkets, a land-intensive form of organization, have become the dominant form of grocery store in the United States suggests that:
A) there is little or no potential for input substitution in the grocery store business. B) transportation costs are insignificant in the grocery store business. C) land is a relatively inexpensive input in the grocery store business. D) labor is relatively inexpensive in the grocery store business.
Let W be the included exogenous variables in a regression function that also has endogenous regressors (X). The W variables can
A) be control variables B) have the property E(ui|Wi) = 0 C) make an instrument uncorrelated with u D) all of the above