If a bank is selling Russian rubles (RUB) for $0.16, then the implied ruble price of the dollar is RUB 6.25
a. True
b. False
Indicate whether the statement is true or false
True
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Average variable cost:
a. first tends to decrease, and then increase as output expands. b. remains unchanged as output expands c. always increases as output increases. d. always decreases as output expands.
Which of the following will cause a decrease in the supply of jeans?
A. A decrease in the demand for jeans. B. A decrease in the price of jeans. C. An increase in the wages paid to workers who make jeans. D. A decrease in the expected future price of jeans.
A nation can accelerate its economic growth by:
A. reducing the number of immigrants allowed into the country. B. adding to its stock of capital. C. printing more money. D. imposing tariffs and quotas on imported goods.
The main advantage of a corporate form of organization is that
A) shareholders have limited liability. B) shareholders have unlimited liability. C) shareholders are not subject to double taxation. D) all corporate profits must be distributed as dividends.