An increase in currency in circulation would ____ M1 and ____ M2.
a. increase; increase
b. not change; increase.
c. decrease; decrease.
d. not change; decrease.
a
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A duopolist faces the entire market demand for its product if ________
A) it charges a lower price than its rival B) it charges a higher price than its rival C) it charges the same price as its rival D) it charges a price higher than its cost of production
Patents have become less important than such factors as secrecy, lead time, and increased sales and service efforts as a means to maintain a competitive advantage in the pharmaceutical industry
Indicate whether the statement is true or false
The amount of unemployment that a country typically experiences is a determinant of its standard of living
a. True b. False Indicate whether the statement is true or false
Suppose the U.S. dollar changes in value from $1 = 1 euro to $1 = 0.75 euro. What effect would likely be the result?
a. U.S. imports from Europe would increase. b. European investments in the United States would decline. c. U.S. tourism to Europe would decline. d. European exports to the United States would increase.