Refer to the table above. Which statement is correct about the change from 2004 to 2005?
The following table shows the foreign currency per U.S. dollar near the end of January of each year listed.
A. The Australian dollar depreciated in value relative to the U.S. dollar
B. The British pound appreciated in value relative to the U.S. dollar
C. The euro appreciated in value relative to the U.S. dollar
D. The Japanese yen appreciated in value relative to the U.S. dollar
C. The euro appreciated in value relative to the U.S. dollar
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To the extent that the Ricardian equivalence theorem is true, which of the conditions below will hold?
A) Increases in the government budget deficit will not affect aggregate demand. B) Investment spending will not be considered part of aggregate demand. C) The long-run aggregate supply curve will not be vertical. D) Exports will not be considered part of aggregate demand.
Refer to Figure 12-4. If the market price is $30, should the firm represented in the diagram continue to stay in business?
A) No, it should shut down because it cannot cover its variable cost. B) Yes, because it is making a profit. C) No, it should shut down because it is making a loss. D) Yes, because it is covering part of its fixed cost.
Employer-provided private health insurance in the United States has resulted in:
A. incentives that encourage the overuse of health care. B. incentives that discourage the use of health care, and overall poorer health. C. lower costs of health care as providers better achieve economies of scale. D. comprehensive coverage of the U.S. population, with few lacking access to adequate health care.
A bilateral monopoly is a situation where a firm is:
A. A monopoly in its product market and is a monopsony in its labor market B. The only employer of a resource and is acquiring that resource from a single supplier C. One of only two firms that produce a particular product D. The only buyer of a resource and also the only seller of a product