Countries with large current account surpluses might be viewed by the market as candidates for
A) devaluation.
B) revaluation.
C) bankruptcy.
D) depreciation.
E) investment.
B
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There are significant differences in the general character of cost structures among various types of firms such as fishing, farming, and automobile manufacturing
Indicate whether the statement is true or false
Which of the following contributed to the financial crisis of 2008?
What will be an ideal response?
When demand and supply both decrease, equilibrium price will _________ and equilibrium quantity will _________.
A. increase; decrease B. decrease; decrease C. remain the same; decrease D. Any of these answers are possible
Steven lives in a big city where there is a shortage of parking spots. He has a parking spot in his driveway where he parks his car. Which of the following statements is most correct?
A. Steven has a lower opportunity cost of owning a car than his neighbor, who must rent a parking spot. B. The opportunity cost of using the spot is zero, because Steven owns the house. C. The opportunity cost of using the parking spot is the price he could charge someone else for using the spot. D. The opportunity cost depends on how much Steven's mortgage payment is.