Which of the following would cause the U.S. dollar to depreciate against the Japanese yen?
A. greater popularity of U.S. exports in Japan
B. a higher price level in Japan
C. higher real interest rates in the United States
D. higher incomes in the United States
Answer: D
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A) counter-clockwise about the fixed vertical axis intercept. B) clockwise about the fixed vertical axis intercept. C) counter-clockwise about the fixed horizontal axis intercept. D) clockwise about the fixed horizontal axis intercept. E) none of the above
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a. zero b. greater than if she had kept operating c. the same as the losses she was incurring while operating d. equal to fixed cost e. less than her total revenue
Which of the following is a root cause behind competition inherent in every society?
a. Unlimited wants of the people b. People's desire to acquire goods and services for free c. Scarcity of goods and services d. Genetic makeup of people