Recall the Application about the shutdown price for coal to answer the following question(s).According to the Application, there are still some mines that are in operation in the United States. Because 4 West Mine has now shut down, what must be true about 4 West Mine and the other operational mines?
A. 4 West Mine's AVC is higher than the other remaining mines.
B. 4 West Mine's AVC is lower than the other remaining mines.
C. 4 West Mine's ATC is higher than the other remaining mines.
D. 4 West Mine's ATC is lower than the other remaining mines.
Answer: A
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Research and development refers to
A. the act of discovering new products or new ways of making products. B. the act of putting new ideas into effect. C. activities aimed at inventing new products or process, or improving existing ones. D. the collaboration between the private sector and public sector.
For an economy, aggregate demand equals:
a. consumption plus investment plus government spending plus exports. b. consumption plus investment plus government spending plus (exports minus imports). c. consumption plus investment plus (taxes minus transfers) plus (exports minus imports). d. consumption plus investment plus government spending plus net exports (imports minus exports).
Every component of M2 is a component of M1, but not all the components of M1 are included in M2
a. True b. False Indicate whether the statement is true or false
Which of the following events would be consistent with purchasing-power parity?
a. The price level in the United States rises more rapidly than that in Ireland and the real exchange rate defined as Irish goods per unit of U.S. goods stays the same. b. The money supply in the United States rises more rapidly than in Egypt and the nominal exchange rate defined as Egyptian pounds per dollar falls. c. Earl, a worldwide traveler, looks at exchange rates and worldwide breakfast prices one morning and finds that whatever country he decides to go to he can convert $15 into enough local currency to buy the same breakfast. d. All of the above are correct.