Without an acceptable domestic currency to serve as a medium of exchange, a nation might try to substitute a more stable currency from another nation.
Answer the following statement true (T) or false (F)
True
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It is true of externalities that they
A. are always detrimental. B. are always beneficial. C. arise when all costs, social and private, are included in production cost. D. cause the price system to misallocate resources.
________ when its inventory increases
A) A firm's total product curve is likely to shift upward B) A firm's labor demand curve is likely to shift to the left C) A firm's cost curve is likely to shift downward D) A firm's labor demand curve is likely to shift to the right
An In The News article in the text is titled "The Misery Index." If an increase in government regulations causes the AS curve to shift to the left, the misery index will
A. Decrease. B. Remain unchanged. C. Increase, decrease, or remain unchanged, depending on circumstances. D. Increase.
A firm that was initially a monopsonist, but now has to buy from a competitive resource market will:
a. buy more amount of resources and pay a higher price for these resources. b. buy the same amount of resources and pay a higher price for these resources. c. buy less amount of resources and pay a lower price for these resources. d. buy less amount of resources and pay a higher price for these resources. e. buy more amount of resources and pay a lower price for these resources.