If foreign interest rates rise
A) the demand for domestic currency rises, causing it to appreciate.
B) the demand for domestic currency falls, causing it to depreciate.
C) the demand for domestic currency rises, causing it to depreciate.
D) the demand for domestic currency falls, causing it to appreciate.
B
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Which of the following best represents the effects of a decrease in the price of tomato juice, other things being equal?
a. An upward movement along the demand curve for tomato juice. b. A downward movement along the demand curve for tomato juice. c. A rightward shift in the demand curve for tomato juice. d. A leftward shift in the demand curve for tomato juice.
Which of the following situations results from a ticket price to a concert set below the equilibrium price? a. A long line of people wanting to purchase tickets to the concert
b. No line of people wanting to buy tickets to the concert. c. Tickets available at the box office, but no line of people wanting to buy them. d. None of the above.
The change in total cost resulting from a one-unit increase in production is called: a. average fixed cost
b. average variable cost. c. marginal cost. d. marginal revenue.
A firm produces 10 widgets that they sell for $15 each. The average variable cost for the production of 10 widgets is $13/unit. The fixed cost for this firm equals $20. What is the value of this firm's profits?
A. -$20 B. 0 C. $20 D. -$2