When the housing bubble burst, prices fell particularly severely in
a. Georgia.
b. Nevada.
c. Pennsylvania.
d. West Virginia.
b
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All else held constant, the international value of foreign currencies will increase against the U.S. dollar if ________.
A. U.S. citizens reduce spending on imports B. there are withdrawals of funds by foreigners from U.S. money markets C. there is an increase in the number of foreign tourists in the United States D. the U.S. Federal Reserve raises real interest rates
If the Slamdunkers can sell 5000 season tickets for $100 and 6000 season tickets only by lowering the price (for all purchasers) to $80, our best estimate of the marginal revenue from sale of the 550th season ticket is
A) $100. B) $90. C) $80. D) -$20.
A country's balance of payments accounts include all of the following EXCEPT the
A) military account. B) current account. C) capital and financial account. D) official settlements account.
Fixed costs
A) do not vary with output B) vary with output C) do not vary with price D) vary with price