If the official gold value of the Australian dollar changes from 470 Australian dollars per ounce to 493 Australian dollars per ounce, we can say that the Australian dollar has appreciated in value
a. True
b. False
Indicate whether the statement is true or false
False
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As of 2012, what portion of bank assets were owned by the five largest bank holding companies?
A) 10% B) 25% C) 50% D) 80%
In the long run, the prices charged by a firm in monopolistic competition will be
A. high enough to provide profits to the firm. B. so low that many firms will drop out of the industry. C. equal to marginal cost. D. equal to average cost, including the opportunity cost of capital.
In 2011, the top 20% of US families had more than times as much income as the bottom 20%
National income accounting helps economists and policymakers ________.
A. determine which firms are likely to succeed or fail B. measure what is occurring in each specific labor market C. follow the long-run course of the economy to assess whether it has grown or stagnated D. It helps accomplish all of these