A cost center
a. Records total costs of production
b. Is rewarded for increasing the costs of producing a specified output
c. Is rewarded for decreasing the costs of producing a specified output
d. None of the above
c
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Derive the interest parity condition and interpret it
What will be an ideal response?
Holding other factors constant, a decrease in the tax for producing cars causes
a. The supply curve to shift to the left, causing the prices of coffee to rise b. The supply curve to shift to the right, causing the prices of coffee to rise c. The supply curve to shift to the left, causing the prices of coffee to fall d. The supply curve to shift to the right, causing the prices of coffee to fall
If the President and Congress agree to balance the budget during a recession, then the appropriate monetary policy is
a. no change from the current policy. b. reduce the growth of the money supply. c. constant growth of the money supply. d. increase the growth of the money supply.
As price falls, quantity demanded ___________.
Fill in the blank(s) with the appropriate word(s).