Argentina in 2001 faced a debt problem more serious than the U.S. debt problem because Argentina was obligated to repay its debt in
A. U.S. dollars.
B. their own currencies.
C. a relatively short period of time.
D. large installments.
Answer: A
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The data show that more than 60 percent of the total income earned in the United States goes to
A) labor. B) land. C) capital. D) entrepreneurshi
The inflation rate is:
A. the percentage change in the overall price level. B. the central concept in microeconomics. C. a measure of the rate of increase in the cost of imported goods. D. is not something that can be accurately measured with the CPI.
If, for the last bushel of apples produced and sold by an apple farm, marginal revenue exceeds marginal cost, then in producing that bushel the farm
A) added more to total cost than it added to total revenue. B) added an equal amount to both total revenue and total cost. C) added more to total revenue than it added to total cost. D) maximized its profits or minimized its losses.
Under what conditions would firms be likely to support an industry-wide advertising ban?
What will be an ideal response?