Suppose that the current exchange rate between the dollar and peso is $1 equals 10 pesos. If the exchange rate changes to $1 equals 8 pesos, which of the following is TRUE?
A) The dollar depreciates and U.S. exports become cheaper.
B) The dollar appreciates and U.S. exports become cheaper.
C) The peso depreciates and imports from Mexico become cheaper.
D) The peso appreciates and imports from Mexico become cheaper.
Answer: C
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If KeKe, age 32, worked 12 hours as a paid employee the week before the Current Population Survey, KeKe is classified in the Current Population Survey as ________ when calculating the unemployment rate
A) a discouraged worker B) employed C) underemployed D) not in the labor force E) unemployed
When players are in direct competition with one another, playing a mixed strategy leads to more predictable results than playing a pure strategy
Indicate whether the statement is true or false
A chemical factory and a fishing club share a lake. Producing chemicals creates water pollution that harms the fish. The marginal social cost, private marginal cost, and marginal social benefit from producing chemicals are in the figure above
If polluting is legal and no one owns the lake into which waste is dumped, then the amount of chemicals produced each week will be A) 0 tons. B) 4 tons. C) 8 tons. D) None of the above answers is correct.
Households act as suppliers when they provide
a. goods and services to firms and governments b. resources to firms and governments c. tax payments to governments d. the demand for only what firms supply or make available e. money to firms in exchange for goods and services