Indexing Social Security payments:
A. no longer requires a concerted effort on the part of Congress to maintain their real value.
B. still requires a concerted effort on the part of Congress to vote the amount of increase.
C. no longer requires a concerted effort on the part of Congress to maintain their nominal value.
D. still requires a concerted effort on the part of Congress to convert them to their nominal amounts.
A. no longer requires a concerted effort on the part of Congress to maintain their real value.
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Refer to Figure 12-4. If the market price is $30, should the firm represented in the diagram continue to stay in business?
A) No, it should shut down because it cannot cover its variable cost. B) Yes, because it is making a profit. C) No, it should shut down because it is making a loss. D) Yes, because it is covering part of its fixed cost.
Manufacturers of Weightbegone are concerned that genetic advances in weight control might reduce the demand for their diet snacks. This is an example of
a. firm-specific risk, which will likely raise shareholders' demand for higher return. b. firm-specific risk, which will likely not likely raise shareholders' demand for higher return. c. market risk, which will likely raise shareholders' demand for higher return. d. market risk, which will likely not raise shareholders' demand for higher return.
The horizontal dotted line is
A. a price ceiling.
B. a price floor.
C. the price at which quantity supplied equals quantity demanded.
D. the equilibrium price for this graph.
If a nation trades with another nation in a foreign currency (such as some commodities sold that are priced in U.S. dollars), then, when nominal exchange rates change, the real effective exchange rate will:
a. change by more. b. change by less. c. change in exactly the same proportion. d. not change at all.