Although central banks are responsible for foreign-exchange policy, they have no power to intervene in exchange rate markets.
a. true
b. false
b. false
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Use the following graph to answer the question below.
At a quantity of 290, marginal benefit equals ________ and marginal cost equals ________.
A. $0.50, $1.60 B. $1.60, $1.60 C. $1.00, $1.00 D. $1.60, $0.50
In 2003-2004, over one-third of Black and Hispanic students attended schools that were 90% or more minority; over two-thirds attended schools that were 50% or more minority
Indicate whether the statement is true or false
Inflation occurs when there is an increase in the purchasing power of money
a. True b. False Indicate whether the statement is true or false
Refer to the diagrams. The firm:
A. has a principal-agent problem.
B. has a constant marginal resource cost of $5.
C. has a marginal resource cost that exceeds the wage rate for each worker.
D. will fail to maximize profits if it hires 5 workers.