Markets can efficiently handle irreversible decisions without involvement of government
a. True
b. False
Indicate whether the statement is true or false
False
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If Best Office Supply states that it will meet any competitor's price on a 500 pack of copy paper and beat it by 10 percent, this is an example of ________.
A) a barrier to entry B) a meet-the-competition clause C) price leadership D) a preannouncement
Which of the following can shift the demand curve for labor to the right?
a. decrease in the price of the good b. increase in the wage rate c. decrease in the wage rate d. decrease in the marginal physical product e. increase in labor productivity
Suppose 60,000 pesos buys a basket of goods in Mexico. If, at the existing exchange rate, it costs less than 60,000 pesos to buy the same basket of goods in the United States, then purchasing power parity implies that the:
A. dollar is overvalued. B. dollar should cost more pesos. C. dollar should cost fewer pesos. D. peso is undervalued.
Calculate the percentage change in prices from 2007 to 2009.
A. 200% B. 100% C. 175% D. 150%.