Which of the following will cause an increase in the demand for the Venezuelan currency, the Venezuelan bolivar?
A. real interest rates in the United States increase
B. real interest rates in Venezuela fall
C. U.S. residents change preferences in favor of goods produced in the United States
D. none of these
Answer: D
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When a tax is imposed on a good, at the after-tax equilibrium the marginal benefit of the last unit produced ________ the marginal cost
A) equals B) is greater than C) is less than D) can be calculated but is not comparable to E) The premise of the question is incorrect because after a tax is imposed, it becomes impossible to determine the marginal benefit and the marginal cost.
Table 7-4 ? 6 346 490 600 692 775 846 ? 5 316 448 548 632 705 775 ? 4 282 400 490 564 632 692 CAPITAL 3 245 346 423 490 548 600 ? 2 200 282 346 400 448 490 ? 1 141 200 245 282 316 346 ? 0 1 2 3 4 5 6 ? LABOR ? ? ? ? ? Table 7-4 shows a production relationship. The cost of one day of labor is $65 and the product price is $1 per unit. How much will the labor input increase if the capital stock were increased from 3 to 4?
A. From 3 to 4 B. From 4 to 5 C. From 4 to 6 D. Stays the same
By the life-cycle hypothesis, a cyclical boom which causes inflation to accelerate and thus causes people to ________ the real value they estimate their wealth to represent, leads them to ________ the proportion of their current income devoted to
consumption, which turns out to be a ________ influence on the economy. A) lower, reduce, stabilizing B) lower, increase, destabilizing C) raise, increase, stabilizing D) raise, reduce, stabilizing E) raise, reduce, destabilizing
Coase bargaining works best in a situation with a large number of affected parties and the transactions costs of bargaining are relatively low.
Answer the following statement true (T) or false (F)