Economists generally advocate for the complete elimination of pollution
Indicate whether the statement is true or false
FALSE
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A firm will increase its production when
a. its marginal revenue rises. b. its marginal cost rises. c. its fixed costs fall. d. the demand for its product falls.
Suppose you are traveling from the United States to Djibouti on vacation. You would be better off on your vacation if:
a. exchange rates did not change after you bought Djiboutian francs. b. you had purchased Djiboutian francs in Djibouti and not in New York. c. the Djiboutian franc became more powerful with respect to the U.S. dollar. d. the exchange rate increased. e. the exchange rate decreased.
Suppose that, a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, the price of that good will ________ when the economy goes from closed to open for trade.
A. increase B. first decrease then increase C. stay the same D. decrease
The quantity theory of money predicts how changes in
A) the price level affect nominal GDP. B) the price level affect real GDP. C) the quantity of money affect the price level. D) real GDP affect the nominal GDP.