In a perfectly competitive market, market prices are determined by:
A. individual consumers.
B. the entrepreneur.
C. market supply and market demand.
D. individual producers.
Answer: C
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In the IS-LM model, an easy monetary in conjunction with a tight fiscal policy
a. increases exports and decreases imports. b. decreases exports and increases imports. c. encourages foreign capital inflows to the U.S. d. both b and c. d. None of the above
People tend to remain in those occupations that require continuous time and financial commitments to remain productive
a. True b. False Indicate whether the statement is true or false
Holding all else constant, an increase in preferences by Mexicans for U.S. goods will ________ the demand for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; increase B. decrease; decrease C. increase; decrease D. decrease; increase
Unit labor cost represents the increase in output because an additional worker is hired.
Answer the following statement true (T) or false (F)