The financing of U.S. export transactions, ceteris paribus
A) reduces U.S. interest rates.
B) reduces the amount of foreign currency held by the Fed.
C) reduces U.S. GDP.
D) increases the amount of foreign currency held by U.S. banks.
D
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When a firm faces a labor supply curve that is upward sloping, the firm must
A) offer a higher wage if it wishes to hire more workers. B) pay a wage that exceeds the value of marginal product. C) pay a wage that does not exceed the minimum wage. D) maximize the amount of labor that it hires.
According to the absolute income hypothesis, the marginal propensity to consume
a. decreases as national income increases b. increases as national income increases c. is equal to one d. is constant as national income increases e. is equal to the marginal propensity to save
Refer to the graph shown. Total revenue is at a maximum when price is:
A. $6. B. $8. C. $4. D. $2.
Recall the Application about consumer choice between Coke and Pepsi to answer the following question(s).Neuroscientist Read Montague conducted a taste test with Coke and Pepsi. When the taste test was blind, most subjects preferred ________, and when the test was nonblind, most preferred ________.
A. Coke; Pepsi B. Coke; Coke C. Pepsi; Coke D. Pepsi; Pepsi