Credit entries on the Balance of Payments are the entries that would
A) mean a loss of foreign exchange.
B) bring foreign exchange into the country.
C) indicate a surplus exists.
D) exist at the bottom line after all accounts are totaled.
B
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Rolls-Royce may actually sell fewer cars at lower prices due to the “snob effect.”
Answer the following statement true (T) or false (F)
The table above gives the demand for a monopolist's output. What is the marginal revenue when output is increased from 2 to 3 units?
A) $18 B) $4 C) $7 D) $6
An increase in the nominal interest rate, other things constant, will: a. shift the money demand curve to the right
b. shift the money demand curve to the left. c. increase the quantity of money people choose to hold. d. decrease the quantity of money people choose to hold. e. have no impact on the money demand curve.
Refer to the above data. What quantities of X and Y should be purchased to maximize utility?
A) 2 of X and 1 of Y B) 4 of X and 5 of Y C) 2 of X and 5 of Y D) 2 of X and 6 of Y