A decrease in the dollar price of the English pound will make
What will be an ideal response?
U.S. exports to England decrease.
You might also like to view...
In the short run, the fixed costs of a firm:
A. are irrelevant in deciding whether to shut down production. B. are equal to zero when quantity produced is zero. C. are all the costs it incurs when it produces some positive quantity. D. can sometimes be avoided in the short run.
Comparing marginal revenue to marginal cost (i) reveals the contribution of the last unit of production to total profit. (ii) is helpful in making profit-maximizing production decisions. (iii) tells a firm whether its fixed costs are too high
a. (i) only b. (i) and (ii) only c. (ii) and (iii) only d. (i) and (iii) only
By the start of the 21st century, the developed economies with the largest national debt relative to GDP were
a) US and Spain b) Italy and Japan c) France and Germany d) Australia and New Zealand e) Norway and Ireland
If the probability of an outcome is zero, you know the outcome is:
A. certain to occur. B. more likely to occur. C. less likely to occur. D. certain not to occur.