If the exchange rate changes from $1.52 = £1.00 to $1.65 = £1.00, then relative to each other,
A) both the dollar and the British pound have appreciated.
B) both the dollar and the British pound have depreciated.
C) the dollar has appreciated and the British pound has depreciated.
D) the dollar has depreciated and the British pound has appreciated.
D
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At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $40 to play, would an individual gain or lose from playing the game
a. Gain b. Lose c. Breakeven-neither gain nor lose d. None of the above
Using public policy to promote health can:
A. contribute to growth. B. take away resources from those that promote growth. C. hurt a country's chance of reaching high growth. D. discourage citizens from taking care of themselves.
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Economic profit is
A. P(q-ATC). B. Pq/ATC. C. (P?ATC)q. D. (P+ATC)q.