In the dollar:pound foreign exchange market, is it always true that when the demand for dollars rises the supply of pounds falls?
a. Yes. This is always true.
b. No. This is not always true.
c. Like most things in life, it depends on a variety of other factors.
.B
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Profit-sharing plans, where employees receive bonuses in proportion to the company's profits,
a. reduce the principal-agent problem. b. are intended to reduce the number of employees who are residual claimants. c. eliminate shirking problems. d. are essentially gifts to employees and do not generate any benefit for the firm's owners.
A major distinction between government purchases and government transfer payments is that
A. transfer payments divert resources from private uses to public uses while government purchases do not. B. government purchases have to be approved by Congress while transfer payments do not. C. government purchases of goods and services have increased more rapidly during the past 20 years than have transfer payments. D. government purchases divert resources from private uses to public uses while transfer payments do not.
Which of the following explains most accurately why the firm's short-run marginal cost curve will eventually rise?
A. As more of the variable factor is used, the higher the price of that factor. B. When diminishing marginal returns set in, it will take ever-larger quantities of the variable resources to produce an additional unit of output. C. As the variable factor is used more intensely, its marginal product will rise, causing an increase in marginal costs. D. As the size of the firm increases, the operational efficiency of the firm declines, causing an increase in marginal costs.
A(n) ________ in a country's money supply causes international capital
A. contraction; stock to stabilize. B. expansion; outflows. C. contraction; outflows. D. expansion; inflows.