Borrowing in foreign currency to buy imports or invest in foreign currency,
a. decreases demand for the domestic currency, appreciating the domestic currency
b. increases demand for the domestic currency, depreciating the domestic currency
c. increases demand for the domestic currency, appreciating the domestic currency
d. does not affect the exchange rates
d
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The country of Southland produced $2,000 billion of output in one year. The population of Southland was 100 million, of whom 60 million were employed. What was average labor productivity in Southland?
A. $20 B. $33 C. $33,333 D. $20,000
Which of the following statements is true? (i) When a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price. (ii) When a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price. (iii) Average revenue is the same as price for both competitive and monopoly firms
a. (ii) only b. (iii) only c. (i) and (ii) only d. (ii) and (iii) only
The primary antitrust statute in the United States is the
A. Sherman Antitrust Act of 1890. B. NLRA of 1935. C. Federal Reserve Act of 1913. D. SEC Act of 1933.
Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.
Figure 23.11Refer to Figure 23.11. A ________ increase in investment changes equilibrium output to $240 million.
A. $5 million B. $10 million C. $20 million D. $50 million