Which of the following would not increase French exports to the United States?
a. an appreciation of the U.S. dollar
b. an appreciation of the euro
c. a depreciation of the euro
d. an increase in French preferences for American goods
e. an increase in real income in France
B
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If a player has a dominant strategy in a simultaneous-move game, then she is sure to get her best outcome
Indicate whether the statement is true or false
Suppose two countries have per capita real GDP of $20,000 in 2012. Country A has a growth rate of 4 percent and Country B has a growth rate of 5 percent. By 2015, the per capita real GDPs for the two countries, respectively, are (rounded)
A) $21,630 and $22,050. B) $22,400 and $23,000. C) $22,500 and $23,150. D) $25,000 and $26,500.
What should a profit maximizing monopolist do if she is currently producing where MC < MR?
a. Increase output until MC = MR. b. Decrease output until MC = MR. c. Shut down in the long run. d. Keep producing at this level. e. Operate only in the short run.
Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and he can use 24 hours per day. What is the market rate of substitution between leisure and income?
A. $10 B. $5 C. $8 D. None of the statements is correct.