Many East Asian currencies during the 1990s were
a. allowed to float freely
b. pegged to the Japanese yen
c. pegged to the U.S. dollar
d. pegged to gold
e. none of the above
C
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The U.S. current account equals
A) U.S. exports - U.S. imports - net income from foreign investments + net transfers from abroad. B) U.S. exports - U.S. imports + net income from foreign investments + net transfers from abroad. C) U.S. exports + U.S. imports + net income from foreign investments + net transfers from abroad. D) U.S. imports - U.S. exports + net income from foreign investments + net transfers from abroad.
A Purchasing Manager's Index above 50 indicates
A) an expanding manufacturing sector. B) a downturn in economic activity. C) an increase in bond prices in the near future. D) an expanding retail sector.
Given that the firm wants to sell both the versions, how should it price its products to have the users self-sort themselves profitably?
a. No-name $60; High-end $130 b. No-name $60; High-end $100 c. No-name $40; High-end $100 d. No-name $40; High end $130
Which of the following is not a condition for perfect competition?
A. Firms have perfect information. B. Firms take prices as given. C. Firms are protected by barriers to entry. D. Firms sell a standardized product.