According to the figure shown, if Nike charges a high price, then Adidas should:
A. leave the market.
B. give an ultimatum.
C. charge a high price.
D. charge a low price.
Answer: D
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Which of the following is not a component of aggregate expenditure?
A) government spending B) actual investment spending C) planned investment spending D) consumption spending
Suppose that the exchange rate between Canadian dollars and U.S. dollars is $0.60 U.S. dollars per Canadian dollar. If the exchange rate goes to $0.50 U.S. dollars per Canadian dollar, it would tend to:
a. increase U.S. exports to Canada b. decrease U.S. exports to Canada. c. increase Canadian exports to the United States. d. both (b) and (c)
If two individuals have identical schooling, their incomes will be equal
a. True b. False Indicate whether the statement is true or false
The cost of producing an additional unit of a good or service that falls on people other than the producer of that good or service is the
A) marginal external cost. B) marginal private cost. C) marginal social cost. D) None of the above answers is correct.