Assume that you have just returned to the United States from a summer vacation in Russia, where you exchanged American dollars for Russian rubles. Your economic actions can be said to have:
a. increased the supply of American dollars in Russia.
b. decreased the supply of Russian rubles in America.
c. decreased the supply of American dollars in Russia.
d. increased the demand for American dollars in America.
e. increased the supply of Russian rubles in Russia.
a
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If demand increases in a perfectly competitive market,
a. the market price will fall b. firms already in the market will supply more output c. new firms will enter the market d. the short-run market supply curve will shift to the right e. each firm's marginal cost curve will shift to the right
Suppose there was a country with an adult (age 16 and over) population of 1,000, of which 100 were unemployed and 700 were employed. Which of the following is true?
a. The employment population ratio is 87.5 percent. b. The labor force participation rate is 70 percent. c. The unemployment rate is 12.5 percent. d. There are 700 individuals in this country's labor force.
During 2016, Yolanda's assets equal $200,000 and her net worth is $50,000. Yolanda's liabilities are
A. $50,000. B. $150,000. C. $200,000. D. $250,000.
In an economy it costs $1,500 to produce 2,000 units of output. If the costs increase to $2,500, then the per unit cost of production will have increased from:
A. $0.75 to $1.25 B. $0.75 to $1.00 C. $1.33 to $1.75 D. $0.80 to $1.33