A weaker peso, relative to the US dollar, causes the demand for US imports from Mexico to _____ and the demand for US exports to Mexico to_______
a. Increase; Decrease
b. Decrease; Increase
c. Increase; Increase
d. Decrease; Decrease
a
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The marginal cost of enforcement (MCE)
a. is the additional cost incurred by government to monitor and enforce abatement activity b. is a negatively sloped function c. can be measured as the vertical sum of MACmkt and MSC at any abatement level d. represents the horizontal sum of all polluters’ MAC functions
The figure above represents the competitive market for slices of key lime pie. When the price equals $3,
A) there is a shortage of slices of pie. B) there is a surplus of slices of pie. C) the efficient quantity of slices is being produced. D) the quantity produced is inefficient. E) the deadweight loss is maximized.
The opportunity cost of holding money is measured by the rate of interest
a. True b. False Indicate whether the statement is true or false
When do financial options prove to be beneficial?