Evidence shows that flexible exchange rates have created a destabilizing speculation in the foreign exchange market
Indicate whether the statement is true or false
FALSE
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If the labor market in the above figure is competitive, what is the equilibrium wage and quantity of labor hired?
A) $10 and 100 hours B) $10 and 50 hours C) $5 and 100 hours D) $15 and 50 hours
The Bureau of Labor Statistics surveys consumers to determine a fixed basket of goods
a. True b. False Indicate whether the statement is true or false
European banks began with which of the following?
A. Monarchs were the first bankers, lending out cash to help the poor learn a craft. B. Churches were the first bankers, lending out cash to help the poor learn a craft. C. Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money. D. Fishermen were the first bankers, and the paper receipts they issued for the fish they stored in the hulls of their ships became valued as money.
Suppose that Gigantic Company is increasing in size. As Gigantic Company grows, coordination of work teams is becoming more difficult because of increased bureaucracy. It is likely that continued growth will result in:
A. economies of scale. B. Gigantic Company achieving the minimum efficient scale of production. C. diseconomies of scale. D. increasing marginal returns.