The graph for a monopolist’s profit shows that PM ? ATC (price minus average total cost) gives the per-unit profit, which is ______.
a. $2
b. $3
c. $4
d. $6
a. $2
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When the nominal exchange rate changes from 4 francs per dollar to 6 francs per dollar, the dollar has:
A. become undervalued. B. become overvalued. C. appreciated. D. depreciated.
If you thought the share price of a stock was going to rise, would you be more likely to buy a call option or a put option?
A. a call option B. a put option C. a call option and a put option D. There is not enough information given to answer this question.
Between 1968 and 2008 the poorest 60% of the population experienced a _______ in its percentage share of the nation's wealth.
A. substantial decrease B. small decrease C. small increase D. substantial increase
If the economy is at point A in the Phillips curve shown, and the government runs expansionary monetary policy, what prediction would you make for inflation?
A. It will increase. B. It will remain constant. C. It will explode. D. It will decrease.