If market forces change the exchange rate value of one dollar from 80 yen to 83.25 yen, then the dollar has
A. appreciated.
B. depreciated.
C. been revalued.
D. been devalued.
Answer: A
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Economic fluctuations or business cycles:
a. measure changes in the total number of new businesses started during a year b. are fluctuations in the Dow Jones industrial average relative to a long-term growth trend. c. look at the role played by business on the level of unemployment. d. are fluctuations in the level of economic activity relative to a long-term growth trend. e. are changes in government spending that occur over a period of time.
The benefits of economic growth are ________, while the costs of economic growth are ________.
A. increased output per person; too small for concern B. more current consumption; less future consumption C. increased output per person; less future consumption D. increased output per person; the consumption sacrificed in exchange for capital formation
Which of the following is the result of competing through advertising for a monopolistically competitive firm?
A. Long-run average costs shift downward. B. The firm's demand curve become flatter and shifts inward. C. The firm's demand curve keeps the same slope and shifts inward. D. Long-run average costs shift upward.
All of the following are examples of restraints of trade except which one?
A) bid rigging B) market division C) price fixing D) recoupment