After being introduced in 1999, the euro
A. increased in value through 2008.
B. decreased in value through 2008.
C. increased in value through 2000 but then decreased in value through 2008.
D. decreased in value through 2000 but then increased in value through 2008.
Answer: D
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If a bottled soft drink and bottled juice are substitutes, when the price of the bottled soft drink rises
A) demand for bottled juice rises. B) demand for bottled juice falls. C) quantity of bottled juice demanded falls. D) quantity of bottled juice demanded rises.
Who is the person or firm who is supposed to act on behalf of the principal as discussed in this chapter?
a. attorney b. sales person c. agent d. teachers
The four factors of production are:
A. land, labor, capital, and money. B. land, labor, capital, and entrepreneurial ability. C. labor, capital, technology, and entrepreneurial ability. D. labor, capital, entrepreneurial ability, and money.
Refer to the information provided in Figure 6.8 below to answer the question(s) that follow.
Figure 6.8Refer to Figure 6.8. The total utility of the three movies is ________ and the marginal utility of the third movie is ________.
A. 15; 0 B. 0; 0 C. 28; 3 D. 25; 10