If Mexicans increasingly lose confidence in their domestic financial markets and move their assets to other countries, the peso will depreciate
Indicate whether the statement is true or false
TRUE
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At the utility maximizing level, the ratio of the marginal utility of pizzas to that of sandwiches is 3:4 . If the price of a pizza is $3, then the price of a sandwich is _____
a. $6 b. $4 c. $9 d. $8
A shift to a more expansionary monetary policy will
a. increase the long-term growth rate of the economy. b. reduce the future rate of inflation. c. Stimulate output and employment almost immediately. d. Stimulate output and employment, but only after a time lag that is generally long and variable.
Refer to the below table. What is the marginal revenue product of the fifth worker?
A. $160
B. $400
C. -$800
D. $2
Which is the most important source of tax revenue for local governments?
A. Property taxes B. Corporate income taxes C. Sales and excise taxes D. Personal income taxes