If interest rates rise, what will happen to the nation's exchange rate?
What will be an ideal response?
It will appreciate.
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Does the decision to make a blockbuster movie mean that some other more desirable activities get fewer resources than they deserve? Is your answer positive or normative? Explain your answer
What will be an ideal response?
Having a competitive advantage emanates from
a. Increased price b. Decreased cost c. One or both of the above d. None of the above
Darryl graduated with honors from college. However, he obtained his outstanding grades by cheating on every final exam with help from his best friend; Darryl actually has the talent of a C student. Nevertheless, he gets a job with a top accounting firm in Boston. The fact that he is hired illustrates a failure of
a. comparable worth b. signaling and screening c. marginal productivity d. supply and demand e. specialization
When making decisions on pricing and other behaviors, oligopolistic firms must take into account the actions of other firms
a. True b. False Indicate whether the statement is true or false