An increase in the demand for British pounds might result from:
a. a reduction in the price level in the U.S. relative to Britain.
b. a recession in the U.S. which reduces real output
c. a decline in interest rates in Britain.
d. a decline in interest rates in the U.S.
d
Economics
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Returns to investments in human capital can be calculated with great accuracy.
A. True B. False C. Uncertain
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The above figure shows a graph of the market for pizzas in a large town. If the price price rises from 7 to 8, what is the change in quantity demanded for pizzas?
A) -10 B) -30 C) -20 D) 20
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Companies cannot avoid prisoner dilemmas
Indicate whether the statement is true or false
Economics
If your firm's production function has constant returns to scale, and if you double all your inputs, then your firm's productivity will
a. not change. b. increase but not double. c. double. d. more than double.
Economics