Which is the most likely reason why more young people from low-income regions are more likely to join the military, compared to those in high income regions?
A) They are more easily pressured by recruitment officers.
B) Their opportunity costs are relatively lower.
C) They are more patriotic than their richer counterparts.
D) They are, to put it bluntly, more foolish than their richer counterparts.
B
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If Juana contracts to buy U.S. office equipment in U.S. dollars and her domestic currency depreciates against the U.S
dollar between the time the contract is signed and the bill is paid, she will wind up paying less for the equipment because she stayed in the spot market. Indicate whether the statement is true or false
Which of the following statements is NOT correct about monopoly?
A. A monopolist generally faces a downward-sloping demand curve. B. There is no close substitute for a monopoly's product. C. A monopoly may make negative profits in the short run. D. Monopolists always make positive profits in the long run.
When determining the production possibilities curve
A. the amount of productive resources remains constant. B. the prices of resources are used. C. the prices of the goods are used. D. the trade-off between the goods in the economy remains constant.
Which of the following is not included in Nation A's financialaccount?
a. Nation A's interest earnings from foreign operations. b. Changes in foreigners' bank accounts in Nation A. c. Foreign purchases of Nation A's Treasury bills. d. All the above are included.