Which of the following is not considered a renewable resource:
A. sunlight.
B. oil.
C. wind.
D. All of these are renewable resources.
Answer: B
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In the above figure, if the market price is less than $7, the firm
A) produces 10 units. B) produces 8 units. C) produces 0 units. D) produces 11 units.
Discuss the determinants of a nation's exchange rate value for its currency in foreign exchange markets. What happens to a nation's balance of trade if the nation's currency appreciates? Why?
Which of the following is sometimes used as a synonym to describe a bond?
a. Stock b. Fixed-income security c. Capital asset d. Retained earning e. Depreciation
International trade under a floating exchange rate system
a. has been trouble-free owing to the stabilizing role of speculators in the currency markets. b. has suffered from so many problems that the volume of trade has declined significantly. c. exposes businesses to unavoidable risks when exchange rates change. d. has been subject to wild runs on currencies that were on the verge of devaluation.