Which of the following was NOT a cause or a characteristic of the 1994/95 Mexican peso crisis?
A) An overvalued exchange rate
B) An inflow of large foreign portfolio capital
C) The inability of the IMF, the world bank, and the NAFTA member countries (i.e., the United States and Canada) to predict the looming financial crisis
D) Shifts by the world capital markets toward more conservative and risk-averse investments because of interest and exchange rate movements around the world
C
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Where monopsony exists, ____ workers will be hired at ____ wages than if perfect competition prevailed in a labor market
a. fewer; lower b. fewer; higher c. more; lower d. more: higher
Marginal utility is
a. the difference in price between one store and another. b. the difference in value between "some" of a thing and "none" of a thing. c. the difference between any two successive total utility figures. d. acquired only with the first few units of a good or service. e. utility that is barely satisfactory.
Refer to the accompanying table below. The average cost of 5 units of activity is:Units of ActivityTotal CostTotal Benefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. $4 B. $6 C. $10 D. $8
According to the circular-flow diagram, GDP
a. can be computed as payments firms make to factors of production plus revenues they receive from the sales of goods and services.
b. can be computed as the revenue firms receive from the sales of goods and services minus the payments they make to factors of production.
c. can be computed as either the revenue firms receive from the sales of goods and services or the payments firms make to factors of production.
d. can be computed as the payments firms make to factors of production, but not as revenues they receive from the sales of goods and services.