Other things being constant, if the U.S. real rate of interest exceeds that of its trading partners, we expect
A) political instability in the United States.
B) a worsening of the U.S. balance of payments.
C) an appreciation of U.S. currency.
D) that a "dirty float" will emerge.
C
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Kale just ate a whole bag of cashews. This demonstrates that the bag of cashews is ______.
a. a public good b. rival in consumption c. asymmetric in consumption d. a club good
In the short run, a perfectly competitive firm calculates the profit-maximizing (or loss-minimizing) production output by equating:
A) price and average variable cost. B) price and average total cost. C) price and marginal revenue. D) marginal revenue and marginal cost.
A local transit authority charges $1 for a bus ride. An economics study suggests that in the price range from $0.50 to $1.50, the elasticity of demand for bus trips is 1.2. To increase its revenue, the transit authority should
A. leave the fare as it is. B. charge $1.20. C. lower the fare. D. raise the fare.
Refer to the information provided in Figure 23.3 below to answer the question(s) that follow.
Figure 23.3Refer to Figure 23.3. The equation for the aggregate saving is
A. S = -200 + 0.6Y. B. S = -140 + 0.5Y. C. S = -60 + 0.3Y. D. S = -80 + 0.4Y.