If a country places tariffs on imported goods, then
a. its currency appreciates which reduces exports.
b. its currency appreciates which increases exports.
c. its currency depreciates which reduces exports.
d. its currency depreciates which increases exports.
a
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If the natural rate of unemployment equals 8 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:
A. 10 percent. B. 2 percent. C. -1 percent. D. -2 percent.
Which of the following is an example of behavior that is not rational?
A) buying stocks after stock prices have declined B) buying stocks after stock prices have risen C) a significantly higher enrollment in 401K plans if people are automatically enrolled rather than having the option of signing up on their own D) enrollment in 401K plans during a bear market
A production possibilities curve that is "bowed out" or concave to the origin:
a. illustrates a tradeoff in which the opportunity cost of a good increases with the level of its production. b. illustrates a tradeoff in which the opportunity cost of a good decreases with the level of its production. c. illustrates a tradeoff in which the opportunity cost of a good is constant at all levels of production. d. demonstrates the fallacy of composition.
Monopoly is a market structure with
a. no entry of new firms b. difficult entry of new firms c. easy entry of new firms d. only a few close substitute goods in the industry e. mutual interdependence among firms