Every society must follow some kinds of criteria to determine who gets what. Examples of such criteria include
A) age.
B) gender.
C) height.
D) willingness to pay.
E) all of the above.
E
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Your U.S.-based company is doing business internationally. One way to mitigate exchange rate risk is to
A) require payment in US$. B) use a forward contract. C) use a futures contract. D) All of the above.
For a monopoly market, total surplus can be defined as the value of the good to
a. producers minus the cost incurred by consumers. b. producers plus the cost incurred by consumers. c. consumers minus the costs of producing the good. d. consumers plus the cost of producing the good.
Suppose that M is fixed but that P falls. According to the quantity equation which of the following could both by themselves explain the decrease in P?
a. Y rose, V rose b. Y fell, V fell c. Y rose, V fell d. Y fell, V rose
Which of the following provides fiscal stimulus to the economy?
A. Higher interest rates B. Increased imports C. More efficient employment of resources D. Increased government purchases