The demand for dollars is downward sloping because when dollar appreciates,
a. Foreigners demand more US goods and services
b. Foreigners demand fewer US goods and services
c. Foreigners demand more dollars
d. Foreigners do not change their demand for US goods and services
b
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Suppose the market demand curve for a Bertrand duopoly is downward sloping. What happens to the Nash equilibrium price and market quantity if the constant marginal cost declines?
A) Price and quantity decline B) Price increases and quantity declines C) Price decreases and quantity increases D) Price and quantity increase
Promoting from Within Like most fast food restaurants, Chipotle has a high rate of employee turnover. However, for Chipotle, this occurred not only at the entry-level, server jobs, but also at the shift supervisor, store manager, and area manager
levels. Why did their enactment of a policy of exclusively promoting from within the organization reduce their turnover problem in these supervisory roles?
The interest rate the Fed charges on loans it makes to banks is called
a. the prime rate. b. the federal funds rate. c. the discount rate. d. the LIBOR.
Suppose an economist is analyzing the impact of a debt and its ability to be paid. That economist will focus on
A. both the ratio of the debt to GDP and the interest payments as a percentage of GDP. B. strictly the debt. C. strictly the ratio of the debt to GDP. D. strictly the inflation-adjusted amount of debt.