If a proportion of traded goods (such as oil) are priced in a foreign currency, the real exchange rate becomes:
a. lower.
b. higher.
c. less responsive to changes in the nominal exchange rate.
d. more responsive to changes in the nominal exchange rate.
Ans: c. less responsive to changes in the nominal exchange rate.
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The primary objective of multinational tax planning is to minimize the firm's worldwide tax burden.
a. true b. false
The change in total output attributable to the last unit of an input is the:
A. marginal product. B. total product. C. average product. D. marginal return.
Discouraged workers
A. are not considered part of the unemployed because they quit their jobs voluntarily. B. are considered part of the unemployed because they are not working. C. are not considered part of the unemployed because they are not actively seeking work. D. are considered part of the unemployed because they are still in the labor force.
Typically, an individual takes only one newspaper from the bin because
A) of the low marginal utility of additional newspapers. B) total utility will rise with consumption of more than one newspaper. C) marginal utility increases with the first consumption of newspapers. D) there are limited amounts of newspapers in the bin.