Which of the following would both make a country's real exchange rate rise?
a. its budget deficit increases and bonds issued in the country become riskier
b. bonds issued in that country become riskier and it imposes an import quota
c. it imposes an import quota and the budget deficit increases
d. None of the above are correct.
c
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Refer to the table below. Based on their comparative advantage, Martha should specialize in ________ while Julia should specialize in ________. Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. cakes; pies B. neither pies nor cakes; both pies and cakes C. pies; cakes D. both pies and cakes; neither pies nor cakes
In the above figure, the minimum efficient scale of output is
A) 5,000 pounds of coffee. B) 10,000 pounds of coffee. C) 13,000 pounds of coffee. D) 15,000 pounds of coffee.
What are private goods? Mention two important attributes of private goods
Suppose a perfectly competitive firm's marginal revenue is $10 and its marginal cost is $11. Under these circumstances the firm:
A. needs to know the market price before it can determine whether it is maximizing profit. B. is not maximizing profit and should increase output. C. is maximizing profit and should not change output. D. is not maximizing profit and should reduce output.