The global financial crisis of 2007-2008 resulted in a(n) ________ of the Swiss franc as foreign currency flowed ________ the country. As result, Swiss products became ________ competitive in world markets
A) depreciation; out of; more
B) depreciation; into; more
C) appreciation; out of; less
D) depreciation; out of; less
E) appreciation; into; less
E
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The table above gives some of the balance of payments accounts of the United States in 2019
a. What is the current account balance? b. What is the capital and financial account balance? c. What is the official settlements account balance? d. What is the balance of all account payments?
Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product.
If Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price, then what will be Mega's economic profit?
A. $100 B. $50 C. $150 D. $0
Exhibit 6-6 Marginal utility for data for clothes and amusement Quantity Clothes Amusement 1 15 20 2 13 18 3 10 15 4 8 12 5 6 10 Refer to Exhibit 6-6. Your budget is $50. The price of amusement goods is $10. If the price of clothes falls to $4, which of the following statements is true?
A. The marginal-utility-to-price ratio for clothes will decrease. B. The marginal-utility-to-price ratio for clothes will increase. C. The quantity demanded of clothes will decrease. D. The quantity demanded for amusement goods will remain constant.
Which of the following is a stock variable?
A. consumption B. savings C. income D. saving