Inflation must be high in Moscow because it is very expensive to live there.
Answer the following statement true (T) or false (F)
False
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One way to deal with the efficiency problem of monopolies is to tax the profits of monopolists.
Answer the following statement true (T) or false (F)
The domestic currency of a country depreciates in value when: a. there is an increase in the foreign currency price of the domestic currency. b. its value falls in relation to another currency
c. the government of the country revaluates the domestic currency. d. its value rises in relation to another currency. e. there is a fall in the domestic demand for foreign currency.
In a perfectly competitive labor market,
a. some workers may be prevented from leaving the labor market b. workers compete for employment opportunities c. workers usually receive wages that are greater than their marginal revenue product d. firms view all workers as being identical e. there are relatively few sellers of labor services
If the efficient markets hypothesis is correct, then
a. the number of shares of stock offered for sale exceeds the number of shares of stock that people want to buy. b. the stock market is informationally efficient. c. stock prices never follow a random walk. d. All of the above are correct.