If the Canadian dollar price of a United States dollar increases from C$0.80 to C$1.00, it can be concluded that ________.
A. the Canadian dollar has appreciated in value relative to the United States dollar
B. the United States dollar has depreciated in value relative to the Canadian dollar
C. the Canadian dollar has depreciated in value relative to the United States dollar
D. both countries are on the international gold standard
Answer: C
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Risk-averse individuals will diversify their investments because this will:
a. increase their expected returns. b. provide them with some much-needed variety. c. reduce the variability of their returns. d. reduce their transaction costs.
Which of the following activities would fall under the leisure category in labor-leisure indifference curve analysis
a. cutting your own lawn. b. cleaning your own garage. c. neither a or b. d. both a and b.
Which of the following is not correct?
a. The slope of a line will be a small positive number for a fairly flat upward-sloping line. b. The slope of a line will be a large positive number for a steep upward-sloping line. c. The slope of a line will be a negative number for a downward-sloping line. d. The slope of a line will be infinite for a horizontal line.
The production of methamphetamine (meth) is a social problem in the Midwest. Iowa is considering two potential programs: Operation Methbust would increase the number of sheriffs' deputies to search out and destroy methamphetamine labs. Operation Say No to Meth would increase the training required of public school teachers so that they could better educate students about the health risks of using meth. Assuming that each program were successful, which of the following statements is correct?
a. Both Operation Methbust and Say No would reduce the demand for meth.
b. Both Operation Methbust and Say No would reduce the supply of meth.
c. Operation Methbust would reduce the demand for meth; Operation Say No would reduce the supply of meth.
d. Operation Methbust would reduce the supply of meth; Operation Say No would reduce the demand for meth.