During an election, a candidate who is not doing as well in the polls as his or her opponent will
A) modify his or her position so that it is more like that of his or her opponent.
B) modify his or her position so that it is less like that of his or her opponent.
C) become more specific in discussing the issues.
D) label his or her opponent as a middle-of-the-roader.
A
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A firm in a perfectly competitive industry is producing 50 units, its profit-maximizing quantity. Industry price is $2, total fixed costs are $25, and total variable costs are $40. The firm's economic profit is
A. $15. B. $30. C. $35. D. $60.
Which of the following best describes a double coincidence of wants?
A) Two buyers want the same good. B) Neither buyer wants a good. C) You have what another wants and you want what they have. D) A buyer and a seller rather than two buyers or two sellers must meet. E) None of the above answers is correct.
If U.S. consumers decrease their demand for German goods, this would have what effect Dif: 3 on the foreign exchange market for euros?
a. decrease in demand b. increase in demand c. no effect d. decrease in supply e. increase in supply
The monetary base does NOT include
A) currency. B) reserves of depository institutions. C) checking accounts at commercial banks. D) commercial banks' reserves.