Appreciation of the euro relative to the dollar means that the
A. dollar price of the euro has fallen.
B. euro price of gold has risen.
C. euro prices of U.S. goods exported to the nation's that adopted the euro as its currency have fallen.
D. euro is cheaper for Americans.
C. euro prices of U.S. goods exported to the nation's that adopted the euro as its currency have fallen.
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In his article, "The Nature of the Firm," Ronald Coase
a. suggested that monopolies may be more innovative than competitive firms b. argued that the economy should be organized into one large firm c. provided an answer to the question, "Why do firms exist?" d. focused on the concept of adverse selection e. analyzed concentration in U.S. industry
A country has a comparative advantage in the good that it can produce
a. at a lower cost in terms of other goods. b. using fewer resources than its trading partner uses. c. at a lower cost than its trading partner can produce. d. using more resources than its trading partner uses.
Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?
What will be an ideal response?
Who determines rationality?
a. the person observing the choice b. the person making the choice c. the person providing the choice d. the person affected by the choice