In effect, during the period immediately following World War II, the world was on a(n):
a. gold standard.
b. flexible-exchange-rate standard.
c. U.S. dollar standard.
d. exchange-rate standard dictated by Germany
e. pegged-exchange rate standard.
c
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The break-even quantity is
a. Fixed Costs/Price b. Fixed Costs/Marginal Cost c. Fixed Costs/(Price – Marginal Costs) d. Contribution Margin/Fixed Costs
Luis wonders why commercials appear more frequently at the end of a TV movie than at the beginning. Carol says that this pattern can be explained by the
a. share of the viewer's budget spent on TV watching b. length of the adjustment period c. cost of supplying additional minutes of the movie d. high elasticity of demand for watching the end of a TV movie e. availability of substitutes
Which of the following is an example of a company whose stock showed evidence of a price bubble?
A. Facebook B. Google C. Amazon D. All of these responses are correct.
Countries with relatively low inflation rates will have appreciating currencies.
Answer the following statement true (T) or false (F)