A flexible exchange rate system guarantees a country will not experience an exchange rate crisis
Indicate whether the statement is true or false
FALSE
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In 1939 the U.S. economy was operating at point ________.
A. A
B. B
C. C
D. D
What is marginal analysis?
What will be an ideal response?
Suppose the market demand for milk is Qd = 150 - 5P. Additionally, suppose that a dairy's variable costs are VC = 2Q2 (where Q is the number of gallons of milk produced each day), its marginal cost is MC = 4Q and there is an avoidable fixed cost of $50 per day. In the long run there is free entry into the market. Suppose the demand for milk doubles. If in the short run the number of firms is fixed and their fixed costs are sunk, what is the short run equilibrium quantity?
A. 100 units B. 200 units C. 50 units D. 60 units
If Gloria is woman in a developing country, then it is likely that
a. she is less educated than most men in her country b. her brother has dropped out of high school, but not she has graduated c. she has more employment opportunities and earns higher wages than her male classmates d. she and other women will not have to work long hours in agriculture e. she has special access to resources such as land, capital, and technology