Under a fixed exchange rate system, an increase in Japanese demand for U.S. agricultural goods would
a. cause the U.S. balance of trade to worsen
b. increase the supply of yen relative to the dollar
c. decrease Japanese demand for dollars
d. cause the yen to appreciate
e. cause an immediate revaluation of the yen
B
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The real internal rate of return on a college education is about
A) 0%. B) 2.5%. C) 6.9%. D) 15%.
In 1791, Alexander Hamilton suggested
a. the abolishment of all state-chartered banks b. the creation of open market operations c. the creation of a nationally chartered bank d. the abolition of the money supply e. creative accounting to deny Revolutionary debt
Suppose an airline company has several empty seats on a flight and the full price of an air ticket is $500 while the marginal cost per passenger is $100. The flight leaves in one hour. Which of the following actions will be the best profitable way to to ensure the remaining seats are sold?
What will be an ideal response?
Total product will start to decrease
A) at the quantity where the law of diminishing returns starts. B) when average physical product decreases. C) when marginal physical product increases. D) when marginal physical product becomes negative.