From the beginning of 2007, the value of the U.S. dollar
a. dropped sharply against major currencies.
b. increased mildly against major currencies.
c. remained stable relative to major currencies.
d. fluctuated with no major trend against major currencies.
a
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The substitution effect
A) is always larger than the price effect. B) always decreases purchases of a good as the price of a good rises. C) increases purchases of the good as the price rises if the good is a normal good. D) is always smaller than the income effect.
The Clayton Act:
A) was passed in 1985 over the objections of then President Reagan. B) outlaws racial discrimination in the practice of business. C) outlaws the ownership of stock by the U.S. government unless it is in public enterprises. D) outlaws price discrimination unless based on cost differences.
The pessimistic view of the shape of the Environmental Kuznets Curve is
a. linear from the origin b. an inverted-U shape that flattens out after some critical income level c. a perfectly symmetric inverted-U shape d. a flattened U-shape
The accounting-based performance analysis:
A. provides inexpensive information on opportunity costs. B. provides aggregate level data that is insufficient for decision making. C. is completely under the control of the operating managers. D. is a true reflector of a particular management center's functioning.