The 2017 price level in Japan was relatively lower than the price level in the United States. Thus, a U.S. manufacturing facility looking to buy aluminum for its plant would most likely buy aluminum from Japan.
Answer the following statement true (T) or false (F)
True
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A perfectly competitive firm has a random demand with a 30 percent chance of being $15 and a 70 percent chance of being $20. What is the firm's expected marginal revenue?
A) $20.00 B) $15.00 C) $19.00 D) $18.50
Gross private domestic investment or simply business investment spending (I):
a. excludes all investment in the United States by foreign firms. b. includes all capital in the United States. c. includes net additions to the capital stock plus all new corporate stocks and bonds. d. includes business expenditures on new factories, tools, and machinery.
If we are in a recession and follow conventional monetary policy, interest rates will ____ and then _____.
A. fall; fall further B. fall; rise C. rise; fall D. rise; rise further
The wealth effect explains the:
A. positive relationship that exists between consumer spending and overall price level. B. negative relationship that exists between consumer spending and overall asset valuation. C. positive relationship that exists between consumer spending and overall asset valuation. D. negative relationship that exists between consumer spending and overall price level.