Jim is haggling with a car dealer, along with another customer, over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. As Jim makes an offer on the car, the other customer leaves the store, and the storekeeper accepts Jim's offer. This is because
a. The storekeeper's disagreement value decreased
b. The storekeeper's disagreement value increased
c. The storekeeper's disagreement value did not change
d. None of the above
a
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Which of the following characterizes the IACs?
a. High per capita GDP growth and high population growth. b. Low per capita GDP growth and low population growth. c. Low per capital GDP growth and high savings rate. d. Low human capital investment.
The Congress of Industrial Organizations was made up of an organization of craft unions
Indicate whether the statement is true or false
If the equilibrium exchange rate between U.S. dollars and Japanese yen is $0.01 = 1 yen, but currently the exchange rate is $0.009 = 1 yen, then with flexible exchange rates the dollar price of a yen will __________ and the yen will __________
A) increase; appreciate B) decrease; appreciate C) increase; depreciate D) decrease; depreciate
Why do foreigners export goods and services to buyers in the United States?
A) They are forced to sell to Americans. B) They want to harm Americans and one way of doing so is to sell goods at low prices in the U.S. market. C) They want to acquire dollars so they can purchase things from Americans. D) They like helping Americans.