When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the U.S. dollar has ________
A) appreciated; appreciated
B) depreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
C
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The government uses the four firm concentration ratio as a guideline to determine which proposed mergers are acceptable.
Answer the following statement true (T) or false (F)
Game theory enables economists to fully understand and predict the behavior of oligopolistic industries with more than two firms.
Answer the following statement true (T) or false (F)
The three central questions for efficient organizational design include all EXCEPT
a. does the decision maker have the relevant information? b. is the decision maker in a supervisory role? c. who is making the decision? d. does the decision maker have an incentive to make a good decision?
Because it is
a. excludable but not rival in consumption, a sweatshirt is a club good. b. rival in consumption but not excludable, a sweatshirt is a club good. c. both excludable and rival in consumption, a sweatshirt is a private good. d. neither excludable nor rival in consumption, a sweatshirt is a public good.