The exchange rate
A) is the price of one country's money in terms of another country's money.
B) is largely determined by Treasury budget policy.
C) is not a market-determined price.
D) has little impact on the balance sheet and income statements of businesses with foreign holdings.
A
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Because of the number of firms in monopolistic competition,
A) each firm has a large market share. B) it is possible for the firms to collude. C) no one firm can dominate the market. D) one firm has the ability to dictate market conditions. E) each firm must carefully monitor what its competitors do.
If Sam wants to increase her total revenue from her sales of flowers and she knows that the demand for flowers is price inelastic, she should
A) lower her price to increase the demand and shift the demand curve rightward. B) raise her price because she knows that the quantity demanded will also increase. C) raise her price because she knows that the percentage decrease in the quantity demanded will be smaller than the percentage increase in price. D) lower her price because she knows that the percentage increase in the quantity demanded will be greater than the percentage decrease in price.
The aggregate demand curve implies a vertical shape for the Phillips curve trade-off between inflation and unemployment
a. True b. False Indicate whether the statement is true or false
If a monopolist discovers that it is operating at a level of output where price is less than average variable costs, it will continue to operate in the short run.
Answer the following statement true (T) or false (F)