Excess demand for a specific foreign currency, such as the pound, implies a
A. Balance-of-payments surplus for the United States.
B. Capital account deficit for the United States.
C. Capital account surplus for the United States.
D. Balance-of-payments deficit for the United States.
Answer: D
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Clifford lives by the motto "Eat drink and be merry today, for tomorrow doesn't matter"
If today's consumption is represented by "x" and tomorrow's consumption is represented by "y", then which of the following best represents Clifford's utility function? A) U = x - y B) U = x/y C) U = x D) U = y
Refer to the information provided in Table 8.8 below to answer the following question(s). Table 8.8Number of Fruit BasketsTFCTVCTCMC0$100 $0$100 --11002012020210030 13010310042 14212410062 16220510092 192306 100136 236 44Refer to Table 8.8. Assume that Polynesian Fruit sells fruit baskets in a perfectly competitive market. The market price of a fruit basket is $44. To maximize profits, Polynesian Fruit should sell ________ fruit basket(s) and their profit is ________.
A. four; $14 B. six; $28 C. three; $10 D. five; $28
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. termination for failing to show up to work during the probationary period c. GPS tracking devices in repair trucks d. listening in on call center conversations
Answer the following questions true (T) or false (F)
1. As the number of firms in a market increases, the supply curve will shift to the right and the equilibrium quantity will rise. 2. If the population increases and input prices decrease, the equilibrium quantity of a product will definitely increase. 3. If the demand for a product increases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase.