The use of technology such as telephones and computers means that money exchanges and other financial transactions can be _____.
(A) Based on U.S. dollars all over the world.
(B) Made instantaneously.
(C) Converted to prices in any currency.
(D) Sensitive to variations in any currency.
Ans: (B) Made instantaneously.
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The right to own or control a resource is called a ________
Fill in the blank(s) with correct word
Which nation pioneered Atlantic exploration?
a. England b. Italy c. Portugal d. Spain
If two goods are close substitutes:
a. A decrease in the price of one will increase the demand for the other b. An increase in the price of one will increase the demand for the other c. An increase in the price of one will decrease the demand for the other d. A decrease in the price of one will have no effect on the demand for the other
In Figure 24.2, the profit-maximizing level of output is
A. Between 4 and 5 units. B. 4 units. C. Between 2 and 3 units. D. Between 5 and 6 units.